Ali Or Speed Up Holdings Of Yintai Business

In fact, Ali is also carrying out more O2O attempts. In addition to Alipay's expanding and offline supermarket convenience store cooperation, it has quietly launched "meow Street" in the near future.

This application is based on the current location of users, and the entity shopping mall that allows us to cooperate with meow Street will be able to pform based on Ali's big data, optimize the operation of member points, shopping guide, parking, promotion and promotion.

Miao Feng, director of the urban life division of Ali, has said that the goal of meow street this year is to extend App to 1000 shopping malls in 15 cities nationwide, and complete at least 500 shopping malls. The first batch of three shopping malls includes Yin Taiqi's West Yintai city.

"Current interest is mainly in Internet finance, new technology investment, O2O business and cross-border e-commerce."

Shen Guojun, founder of Yintai group, said in an interview with the media.

And with Zhang Yong's "taking the lead", Ali is likely to further inport business.

As early as April 2014, when Ali group made strategic investment in Yintai business with HK $5 billion 370 million, the two sides agreed that in the next three years,

Convertible bonds can be converted into ordinary shares of Yintai business.

According to the agreement, Alibaba will occupy the 26.13% largest stake in Yintai business in the future and become the second largest shareholder after Shen Guojun.

Previously,

The stock right has changed.

In May 3rd of this year, Shen Guojun was executive director and CEO of the company.

60 million shares of the company, 8.7 yuan per share, accounting for about 2.76% of the company's issued equity.

It also raised the expectation that Alibaba would accelerate the exercise of convertible bonds (about 7.9 yuan per share).

The Bank of America Merrill Lynch report also believes that Yintai will further promote O2O, electricity providers and other cooperation, optimize its asset portfolio (disposal of non property portfolio, asset securitization, etc.), so as to enhance the core retail industry, and do not exclude industry integration opportunities.

In this regard, Alibaba insiders accept the new express reporter interviewed also believe that the appointment of personnel will help Ali and Yintai jointly explore online and offline integration.