Jack MaHe retired back in 2019 and is no longer in chargeAlibabaThe actual position, which means inAlibabawas fined 18.2 billion yuan, at the cuspJack MaNo action was taken. And yet, he still isAlibabaand holds shares in the company. In addition to that,Jack MaHe also secretly bought half of India in the Indian market, which most people ignoreInternet, leaving a way out for yourself.
Jack MaHe began to secretly enter India more than a decade agoInternetThe layout of the market. himInvestmentsIndiapaytmand other enterprises that are trying to do so in IndiaInternetThe field occupies an important position. paytmKnown as the Indian version of "Alipay", it is a leader in the field of electronic payments in India. Since 2010,paytmInitially, it was just a leading provider of mobile recharge and payment solutions. With Indian smartphones andInternetPopularity of use,paytmQuickly developed into one of the largest digital payment platforms in India. In 2015, Ant GroupInvestmentsnowpaytm, at a cost of 6$800 million became one of its largest outside shareholders, holding 25% of the shares. In addition,Jack MaIt is also in India, such as Meituan Zomato, online grocery store Bigbasket, etcInternetcompanyInvestments, so it can be said that he has secretly bought half of IndiaInternet。Such a layout makes it possible to do evenAlibabawas fined 18.2 billion yuan, rightJack MaThere is also an arrangement for a way out.
However, contrary to expectations, the business environment in India is very complexJack MaWe want to recreate China in the Indian marketInternetThe brilliance is not easy. In 2019, India** enacted new regulations requiring foreign countriesInvestmentsThe shareholding is limited to 49%, and there are other restrictions. As held by Ant GrouppaytmHigher equity, exceeding the limit, and therefore having to seek approval from **. By August 2023, Ant Group will be **paytm10.3% of the shares, no longer the largest shareholder of the company. This caused Ant Group to lose its rightpaytmand cannot be directly involvedpaytmoperations and decision-making.
Jack MaTo make money at home, but in the Indian market is struggling. Many Chinese companies have encountered this in India"Special treatment", some assets were frozen, and some executives were arrested. At the beginning,Jack MaLet Ant Group own most of IndiaInternetThe company also values their potential, but it didn't expect that India is not going to have fun. Although the situation is not going well,Jack MaIn the domestic market, we remain steadfast in our approach to success.
Late January 2024,Jack MaSignificantly increased holdingsAlibabaof**,Joe TsaiIt also increased its holdings significantly during the same period, and the value of the increase reached 1$500 million. This increase in holdings makesJack MaReplace SoftBank and becomeAlibabaThe largest shareholder. In recent years,Jack MaAll the time**AlibabaWhat kind of signal does the sudden increase in holdings send? withAlibabaIn other words, this is extremely optimistic about the company's prospects, and full confidence in the company's future development, management team and strategic direction. Actually, we can see thatAlibabaAfter some events, changes have been made, high-level personnel adjustments, business splits and reorganizations, and light travel, these substantive changes have made itJack MaRecognizing that there are new opportunities in the domestic market, they chose to increase their holdingsAlibaba
In summary,Jack Maof IndiaInternetAlthough the layout has been subject to many restrictions and challenges, the basic market is still in the domestic market. While the Indian market has brought some headwinds, forAlibabaThe domestic market is still the most important. Jack MaThe action also shows his heyAlibabaHe continued to increase his stake in the company when it faced difficulties. Despite the ups and downs,Jack MaIt's still ChinaInternetA legend in the industry, his story means a lot to each of us. We can see the ups and downs in the process of success, and we can also draw on his courage and wisdom to deal with the difficulties we face. Let's look forward to it togetherJack MawithAlibabafuture.