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Ali was fined 18.2 billion yuan

2021-04-12T01:31:46.659Z


Alibaba (9988) was fined 18.228 billion yuan by the State Administration of Market Supervision for requiring merchants to make a "choose one" decision on the platform last Saturday (10th) and was ordered to make rectifications. But this morning the company


Financial News

Written by: Huang Wenqi

2021-04-12 09:26

Last update date: 2021-04-12 09:26

Alibaba (9988) was fined 18.228 billion yuan by the State Administration of Market Supervision for requiring merchants to make a "choose one" decision on the platform last Saturday (10th) and was ordered to make rectifications.

However, the company's stock price was not affected this morning, opening 5.5% higher to 230 yuan, up 5.5%.

Alibaba CEO Zhang Yong said on the conference call that the antitrust penalties imposed by the regulatory authorities are not expected to have a significant impact; Alibaba will introduce measures to reduce entry barriers and business costs for merchants on e-commerce platforms.

CFO Wu Wei said that the fine will be reflected in the quarterly earnings report.

CITIC Securities issued a report on the fines and stated that for Alibaba, the company initially eliminates the uncertainty of business operations and releases long-term operating risks. It is expected that in the future, it will pay more attention to social value and technological innovation.

The bank expects that the digital trend will remain unchanged in the medium and long term, and Alibaba's core business values ​​will remain stable. The long-term value of technology deployment and investment is expected to gradually manifest. It is still optimistic about the company's long-term digital technology value.

The bank also said that considering the company's relatively strong free cash flow and financing capabilities, it believes that with the gradual growth of business standards and business, the impact of this fine is expected to be gradually digested in the future.

CITIC Securities assigns Alibaba a "Buy" rating.

Honghui Asset Management Director and Investment Director Lin Jiaqi bluntly said that if there are already stocks, they can continue to hold them. If there are no stocks, they can wait for the stock price to fall to 200 yuan and buy the first bet. However, investors are not recommended to be extremely big. Part of the capital investment; also pointed out that even after the company announced its results earlier, big banks generally responded positively, and investors were still wary.

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Source: hk1

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