Text: Huaxia
Foreword: On February 24, Alibaba announced the results for the third quarter of fiscal 2022 (October to December 2021). The company's operating income in the quarter was 242.580 billion yuan, an increase of 10% year-on-year, and the adjusted EBITA profit was 44.822 billion yuan, down 27% year-on-year. Among them, Alibaba Cloud's revenue increased by 20% in the quarter, and the adjusted EBITA profit was 134 million yuan, making a profit for five consecutive quarters. According to the data, as of December 31, 2021, Alibaba's annual active consumers in the Chinese market reached 979 million, and by the end of the current fiscal year, the target of 1 billion annual active consumers in China will be completed as planned.
Alibaba has had a very uncomfortable life in the past two years, before it was fined 18 billion yuan by the state for monopoly, and then it was revealed that Alibaba's female employees were violated, resulting in a rapid decline in reputation. Speaking of Alibaba, it is necessary to mention its founder, Jack Ma. Although Ma Yun is now retired, but Ali has some wind and grass, everyone is still the first time to associate Ma Yun and Ali.
Although the brother is not in the jianghu, there is still a "legend" of the brother on the jianghu. In the past two years, Ma Yun, who is far away from the rivers and lakes, has made a high-profile appearance. He directly and aggressively liquidated stocks with a market value of about 43 billion. This move scared the unsuspecting public: is it the company's development that is worrying, which makes Papa Ma want to retreat?
In 2019, Ma's shareholding was 6% at the time, but when he sent Alibaba to the altar of entrepreneurship, he cashed out wildly. This move is really unpredictable. In 2020, he resolutely reduced his shareholding to 4.8% and "pocketed" a huge amount of 43.1 billion.
Such a huge reduction of holdings inevitably caused panic among investors and the public. It's unclear whether the former internet giant can maintain the momentum of the past. Unlike investors, the most worrying thing for ordinary people is whether they can withdraw their money in it after Alipay collapses.
In fact, Alipay is a company under the Ant Group and is not directly related to Alibaba. Alipay is wholly owned by Ant Group. It has more than half of the shares, and the main control of ant groups is Hangzhou Junhan Company and Hangzhou Jun'ao Company. Hangzhou Yunbo controls the two companies, and Ma owns the ownership of these two companies, so Ma indirectly controls Alipay.
Such an ownership structure, if Alibaba has problems, mismanagement, bankruptcy, Alipay is bound to be affected. Alipay is huge in scale, with more than 1 billion users. If something goes wrong, it will have a huge impact.
Alipay is bankrupt, can the money of the balance treasure be withdrawn
Alipay has diversified financial functions, and various wealth management products on its platform are also diverse. Among them, The balance treasure is the most familiar to everyone. In short, Balance Treasure is a near-zero risk investment function. Many of us also have questions about this function.
This is a question about the safety of our funds. If the Alipay platform goes out of business, can we get back the money deposited in Balance Treasure? The answer to this question is yes. If the Alipay platform goes out of business, the funds we invest in Balance Treasure can be withdrawn in full. In fact, the reason why there is such a problem in society is because everyone still does not understand the balance treasure.
Balance Treasure is only a managed financial services product compared to Alipay. In fact, the real manager of Yu'e Bao is Tianhong Fund. As for the funds we invest in Yu'e Bao, there is actually a certain investment scope. The products we invest in are basically some varieties with high safety factors and stable returns under Tianhong Fund or cooperative business, and they do not have the same actual high risk as stocks.
So, if the ultimate manager of Yu'e Bao, Tianhong Fund, goes bankrupt, will the foundation in which we invest in Yu'e Bao be affected?
First of all, it is necessary to distinguish according to the investment nature of the balance treasure fund. According to the relevant laws and regulations of the Mainland, fund property is an inherent asset independent of the fund manager and the fund custodian. Even if the fund manager or custodian is revoked in accordance with law, revoked in accordance with law or declared bankrupt in accordance with law, the fund property does not belong to its liquidation property.
In practice, this means that the assets of the fund in which we invest are not part of the bankruptcy estate of the enterprise or institution. Therefore, even if Tianhong Fund goes bankrupt, the relevant assets we invest in Yu'e Bao will not be affected, nor will they be liquidated as bankruptcy assets, as compensation for the property of creditors or shareholders. Therefore, we can invest safely. In fact, Yu'e Bao basically has no investment risk.
Overall, although Jack Ma has caused a "small earthquake" in the market right now, we don't have to think that it will endanger our own property in The Balance Treasure, or mistakenly think that Alipay will go bankrupt. After all, riptide or rapids are two options, which vary from person to person. What are your views on Ma Yuntao's current set, you can leave a message below.