Following the suspension of listing, the People’s Daily named Alibaba, what happened? It doesn’t really matter, it’s all market behavior.
The listing of Ant Financial was suspended by the state, which produced a series of negative effects that were infinitely amplified and over-interpreted by the Internet. Alibaba was put under investigation and antitrust investigation, resulting in a stock loss of 600 billion. Alibaba operates as a business and pursues maximization of economic benefits. The state should exert its regulatory functions to ensure the efficient allocation of resources and avoid a monopoly caused by one dominant force, which is not conducive to competition and the rational use of resources. Do not over-interpret this.
In fact, it all started with Jack Ma’s speech at the Shanghai Bund Financial Summit on October 24! At that meeting, Jack Ma blasted banks as having a "pawnshop mentality" that likes to lend money to wealthy companies and individuals, causing good companies to turn into bad companies. At the same time, he also said that the bank's current business model is not suitable for the next thirty years. World development requires finance, and his remarks are actually to defend Internet finance, and he wants to use this to create more favorable conditions for Ant Group’s listing! But who would have thought that it would be these bold words from Jack Ma that would become the catalyst for regulation to speed up the implementation of Internet financial policies and anti-monopoly!
Some people say that among so many Internet giants, why is Alibaba alone the first to bear the brunt? In fact, this needs to be analyzed based on specific matters! For example, in terms of Internet finance, Ant Group is a unique Internet finance giant not only domestically but also globally. It serves hundreds of millions of consumers and small and micro businesses, so it is unreasonable for it to be included in supervision!
It is foreseeable that with the continuous implementation of regulatory policies, Alibaba may have to face more difficulties, but in any case, this is a problem it must face in its development. As Jack Ma said, if Alibaba wants to survive for 101 years, it must first learn how to regulate itself. Only in this way can it move forward more steadily and in the longer term! ?