Half of the Indian Internet was bought! Ma Yun fined 18.2 billion, there is already a way out!
In 2021, Alibaba was noted'Choose one of the two'fined 18.2 billion yuan; In 2022, Ant Financial was fined 7.1 billion yuan for a series of violations; At the same time, the relevant authorities are changing the shareholding structure of Ant Financial, with Jack Ma no longer controlling Ant Financial, and Ant Financial officially becoming a company without a major shareholder.
This series of actions is actually a warning to these large companies. In the final analysis, a market economy is an economy governed by the rule of law, and no matter how much you contribute to the market, you must not cross the red line! Alipay is an app owned by Ant Financial Group, which can be said to be for the common people'Money remittance'。
Before the adjustment of the shareholding structure, Ant Financial Group, with a market value of 100 billion yuan, was actually in the hands of Jack Ma, who only had limited liability of 3.4 million yuan. If this structure goes public, the risk will shift to community leaders, and Jack Ma will become the largest shareholder. It's scary to take such a big risk, that's why you have to do it!
So-called'Three holes of cunning rabbits'As early as more than ten years ago, Alibaba quietly entered the Indian Internet market, and some people even joked that Ma Yun had secretly acquired half of the Indian Internet, is this true?
The story takes place in 2011, when Jack Ma is in high spirits attending various conferences and giving speeches for Alibaba. In November 2011, Jack Ma spoke at an event in Hong Kong, and the young Indian Sharma was one of Jack Ma's big fans. Sharma was deeply moved by Jack Ma's speech and upgraded Paytm to the Indian version of Alipay.
It's a visionary idea, but it's not a good idea. After all, Alipay is built on the basis of **, just like the mortgage trading platform of **, and then slowly evolved into a national wallet. But there is no such market environment in India, Sharma persisted for three years, and finally met Ma Yun in 2014, Sharma not only caught up with Ma Yun's idol, but also received an investment of 600 million yuan.
As the saying goes, pigs fly too. Two years after Alipay's investment in India, Sharma's situation has changed dramatically. In 2016, Indian Prime Minister Narendra Modi announced the abolition of the 500 rupee and 1000 rupee banknotes to combat corruption and tax evasion, which caused huge panic in India.
When paper money is unreliable, people place their hopes on electronic payments. India's Paytm quickly conquered the Indian market, and five years later at a valuation of 2.2 billion yuan, it became the largest listed company in India's history, and its largest shareholder was none other than Jack Ma's Ant Financial Services Group.
In addition to Paytm, Jack Ma has also set up a $7 billion ** to finance companies in India. The reason is simple: now that the domestic market is saturated, there is fierce competition among Internet companies. 5-10 years ago, the Indian market was not very competitive, India is also a developing country, and internet companies can replicate their success in India. So, a few years ago, Alibaba, Xiaomi, OV, Tencent made massive investments in India.
Ali has invested in almost half of India's internet with only Alipay, the U.S.-based Indian conglomerate Zomato, and an online store called Bigbasket.
But after 2019, the situation has changed, India's land reform has failed, India's internal contradictions are prominent, Modi's ability to govern has been questioned, and political achievements are urgently needed to reassure the people. As a result, Modi began to harvest foreign capital frenzy again, Modi was fined 5 billion, three flesh-and-blood executives**, how could Modi not grit his teeth?
Subsequently, India** introduced a policy that allows foreign investors to invest in India. It is rare for Alibaba to invest $100 million in the U.S.-India joint venture Zomato Group, but was rejected by India**.
In 2023, India's Paytm bought back Ant Financial Group 103% of the shares, losing a controlling stake. Many people believe that Jack Ma wants to flee India, after all, India has become"Crematorium"If he continues to stay here, he will likely follow in his footsteps.
What do people think of Jack Ma's series of moves?