Industry special comments: Recently, Alibaba group released an internal letter to readjust the organizational structure and upgrade the “big, medium and Taiwan strategy” to “diversified governance”. Specifically, Zhang Yong, chairman and CEO of the board of directors, announced the integration and establishment of four business segments: China digital commerce, overseas digital commerce, cloud and technology, and life services. Among them, “China’s digital commerce sector” will integrate big Taobao (including Taobao, tmall and Ali’s mother), B2C retail business group, taocai, taote and 1688, which will be in the charge of Dai Shan; “overseas digital commerce sector” will integrate two overseas businesses of global express and international trade (icbu), as well as several subsidiaries facing overseas markets such as lazada, which will be in the charge of Jiang Fan; “Cloud and technology segment” includes Alibaba cloud intelligence, nailing, tmall elf, Dharma Institute and Heping touge, which is in the charge of Zhang Jianfeng; “Life service” includes three businesses: local life, flying pig and Gaode, which are in the charge of Yu Yongfu.
Zhongtai is suitable for “continuous innovation” and cannot support “subversive innovation”. Since 2015, Alibaba has begun to implement the organizational structure of “big, middle and small front desk”, which standardizes and reuses the functions, resources and solutions common to all businesses to all front desk business departments, so as to improve efficiency and reduce repeated wheel making behavior. With the support of China Taiwan strategy, Ali has entered a stage of rapid development and successfully hatched an elephant grade product “box horse fresh”. However, the China Taiwan strategy is more suitable for top-down “continuous innovation” and cannot carry out bottom-up “subversive innovation”.
Market review this week: this week, the commerce and retail sector closed at 4059.70 points, up 0.88%, Outperformed CSI 300 (up 3.14% this week) by 2.27 percentage points. The sector ranked 13th among 29 primary industries. Among the sub sectors, general retail rose by 0.65%, trade fell by 0.97%, franchise chain rose by 0.68%, e-commerce and services rose by 3.64%, and professional market operation rose by 2.66%. The top five companies with individual stock gains were cross-border communication (20.26%) and * ST Hongtu (16.06%), * ST friendship (11.31%), Vats Liquor Chain Store Management Joint Stock Co.Ltd(300755) (10.46%), Chongqing Department Store Co.Ltd(600729) (9.19%); the top five companies with individual stock declines are * ST Shiwan (- 11.22%), Shenyang Cuihua Gold And Silver Jewelry Co.Ltd(002731) (- 10.54%), Baida Group Co.Ltd(600865) (- 8.32%), Sichuan New Energy Power Company Limited(000155) (- 5.81%) and Jiangsu Guotai International Group Co.Ltd(002091) (- 5.71%).
Important industry news of the week:
[Internet] Italian antitrust regulator fined Amazon 1.1 billion euros
[Internet] tiktok adds a new seller application, and the mobile phone can directly manage the online store
[Internet] fast business operators Kwai into Latin America, the first battle or will choose Brazil
[Internet] Jingdong veteran Yan Xiaobing is about to retire, and the Internet ushers in a wave of senior executives’ retirement
Announcements of key companies:
[Alibaba] on December 6, Alibaba announced at the Hong Kong stock exchange that Xu Hong, deputy chief financial officer, would succeed Wu Wei as the company’s chief financial officer, effective from April 1, 2022.
