Sihai network

Alibaba's holdings of rookies increased by 23.3 billion yuan

Alibaba's holdings of rookies increased by 23.3 billion yuan

After holding rookie network (hereinafter referred to as rookie) for two years, Alibaba once again led and completed a new round of capital increase for rookie. In this round of transaction, Ali invested 23.3 billion yuan (about US $3.3 billion) through capital increase and purchase of old shares. Its shareholding in rookies also increased from about 51% to about 63%. Other existing shareholders of rookies also participated in a new round of financing.

This transaction was announced to be completed before "tmall double 11", which is considered to be a positive signal that Ali is transmitting to the market "prediction on the growth prospects of new consumption and express logistics industry". Zhang Yong, chairman and CEO of Alibaba group, said: 'logistics is the core element of Alibaba's commercial operating system and the guarantee that we can provide customers with the best service and efficiently promote the new retail strategy. Whether in China or in the global market, rookies give full play to the advantages of digital intelligence technology to bring better services and experience to businesses and consumers. We firmly support the sustainable development of rookies, with a view to creating greater chemical reaction for the whole Alibaba digital economy, and also help promote the digitization process of the logistics industry. "

Six years since its establishment, rookie has witnessed the rapid development of China's express business and the comprehensive digital transformation of the express industry. According to the data of the State Post Office, China's express business volume has ranked first in the world for five consecutive years, accounting for more than half of the global express parcel market. Since 2010, the compound annual growth rate of express delivery has reached 46.9%, and the annual express delivery volume is expected to exceed 60 billion pieces in 2019.

In September 2017, Alibaba increased the capital of rookie by 5.3 billion yuan, and the shareholding ratio of rookie increased from 47% to 51%. At that time, it also announced that it would continue to invest 100 billion yuan in the next five years. In 2018, Zhang Yong personally served as the chairman of rookie. In May of the same year, Ali joined hands with rookies to invest US $1.38 billion in Zhongtong express, holding about 10%. In March 2019, Ali acquired 14.6% of the shares of Shentong express at the price of 4.66 billion yuan. Four months later, Ali further obtained the option to purchase shares by signing an agreement with the controlling shareholder and actual controller of the company. Coupled with Baishi logistics and Yuantong express, the logistics industry has become the most willing investment field for Ali after the new retail.

With the blessing at the capital level, the cooperation between rookies, as the basic logistics network, and express companies has also been further upgraded. Among them, consumer oriented services such as rookie wrapping and rookie post station, which cooperate with express companies such as "four links and one Da", have achieved a rapid growth of more than 100% this year.

Before the "double 11" this year, the "four links and one arrival" also jointly made a public commitment for the first time that the express mails sent by 26 cities in the Yangtze River Delta economic circle will reach each other in 72 hours. This is also the first time in the history of "double 11" that an express company dares to promise the timeliness of package distribution in the "world-class logistics peak".

It is reported that after the new round of financing, rookies will continue to increase technical investment and promote the digital upgrading of the logistics industry; Build a smart supply chain and serve businesses to reduce costs and increase efficiency; Accelerate the construction of a global intelligent logistics backbone network to serve global small and medium-sized enterprises in global sales and global transportation.

As early as the financing in 2017, the valuation of rookies had exceeded 100 billion yuan. Insiders close to rookies disclosed that the valuation of rookies in this round of financing has been greatly improved.

'the next wave of dividends for express companies has just begun. ' Yang Daqing, a special researcher of China logistics society, believes that the relationship between express companies and rookies has gone beyond specific business cooperation. The in-depth mutual recognition comes from the unanimous judgment of the future trend of China's digital economy and express logistics industry: in the future, the volume of packages is huge, which needs the coordination of the whole network, and technology as the background in order to respond efficiently.