马云：B2B面临巨大挑战私有化是对股东负责

本人的理解： 1.所谓的大淘宝战略不能没有1688，一个上市的1688绝对是对这个大战略的束缚，因为各个相关资源的背后股东是不一样的。私有化彻底解决了这个问题。 2.其实阿里确实可以有机会用更便宜的价钱买回来，实际上他们前段时间已经开始这么干了（那时大概还没有打算私有化）。但这种方法需要时间长很多，…

Source: http://nteswjq.blog.163.com/blog/static/126998120121231467347/

Jack Ma: B2B faces huge challenges; going private is responsible to shareholders

> By Duan Yongping · his NetEase blog (nteswjq.blog.163.com, now closed; read from web archives) · 2012-02-23 · [Original link](http://nteswjq.blog.163.com/blog/static/126998120121231467347/) ([archived](https://web.archive.org/web/20191020222527/http://nteswjq.blog.163.com/blog/static/126998120121231467347/))

> This post includes letters from others or quoted material; Duan Yongping's own words are marked separately.

My understanding:

1. The so-called Big Taobao strategy can't do without 1688, and a listed 1688 is definitely a constraint on this big strategy, because the shareholders behind the various related resources are different. Going private solves this problem completely.

2. Actually Alibaba really could have had the chance to buy it back at a cheaper price, and in fact they had already started doing so a while ago (back then they probably weren't yet planning to take it private). But that approach takes much longer, and once the intention to go private leaks out, the price gets pushed up a lot, so the current approach of cutting the knot with one stroke is very good.

3. Taking it private at the original IPO price should count as quite by the book. Shareholders who disagree can vote against it. If the votes against reach a certain share (I don't know what it is in Hong Kong; for US stocks it's 10%), this price won't pass, and the going-private deal may fail or need a higher price. I feel the chance of it not passing is very low. Those who think the price is low should definitely go vote against it; those who aren't shareholders shouldn't stir things up from the sidelines.

4. This going-private deal won't have any big effect on Yahoo's value; in fact I personally think in the long run it will raise the value of Yahoo's Asian assets.

http://tech.sina.com.cn/i/2012-02-21/20226751172.shtml

[Here the original reposted the Sina Tech report "Jack Ma: B2B faces huge challenges; going private is responsible to shareholders" (http://tech.sina.com.cn/i/2012-02-21/20226751172.shtml) and the full text of Jack Ma's internal email attached to it; it is not Duan Yongping's words and is not included. See the archived page linked at the top.]

马云：B2B面临巨大挑战 私有化是对股东负责

Jack Ma: B2B faces huge challenges; going private is responsible to shareholders

马云：B2B面临巨大挑战私有化是对股东负责