Jack has Aliba's largest shareholder
According to U.S. information Securities and Exchange Commission in the 4th fourth of 2023 Ma Yun (Jack Ma) purchased for $50 million (about PLN 201,350 million) a holding of Alibaba Holding Group Co., Ltd. (chin. 阿里巴巴控股集团股份有限公司), listed on the fresh York Stock Exchange. As a result, he increased his stake in this company to over 4.3%. This made Jack Ma the largest single shareholder of the holding he founded in 1999, in which he served as president until 2019.
Co-founder and current president of the holding, Joe Tsai (a.k.a. Cai ChongXin, chin. 蔡崇信) in turn bought a US$151.7 million stake, making it the second largest shareholder of the group. This makes both gentlemen full in control of the Alibaba Holding Group Co., Ltd. and its subsidiaries.
The combined shares of Jack Ma and Joe Tsai exceeded the value held by the largest existing shareholder of the company, which was the nipponese investment bank SoftBank Group. As of December 2022, the nipponese reduced the number of Alibaba shares held. SoftBank then owned 7% of the shares of Alibaby, in March 2023 about 2%, and presently owns little than 0.5%.
After Jack Ma from 2023 began appearing in the company after a longer break to attend any board meetings, he now increased his shares and became the largest shareholder. Analysts speculate: does this mean that Jack Ma will return to the company and take over the rudders of this giant e-commerce and fintech?
Source: 163.com
Chinese shipyards No. 1 worldwide
The Chinese state of JiangSu has become a leader in the production and export of ships over respective decades. A cluster of shipbuilding has been created here, producing a wide scope of ships, including bulk ships, container ships, ro-ro ships (roll-on/roll-off), liquefied natural gas (LNG), cruise ships, or ships specialised in the assembly of offshore wind turbines.
Revenue from the export of ships built in JiangSu state in 2023 amounted to RMB 65.53 billion (about PLN 36.67 billion), which means an increase of 37.1% in the year-to-year ratio.
The Chinese shipbuilding industry, which already represents over 50% of the global shipbuilding potential, has been producing very good results for many years. In 2023, the revenues of this sector amounted to RMB 623.7 billion (about PLN 349.19 billion). This increase of 20% y/y. The profits of the shipyards in this period increased by... 131.7% y/y.
The fresh year Chinese shipyards began with a strong accent. They received an order to build the world's first ammonia-powered container ship, a breakthrough in the usage of clean energy in shipping.
This vessel, 150 m long and 27 m wide, will be able to carry 1,400 20-foot containers (1,400 TEU). It is built for a Belgian shipowner to whom it will be transferred for usage in 2026.
The ship was developed and designed by ShangHai Shipbuilding investigation and plan Institute (chin. 上海船舶研究设计院) and China Shipbuilding corp (chin. 中国船舶集团有限公司), and built by QingDao YangFan Shipbuilding Co., Ltd. (chin. 青岛扬帆船舶制造有限公司)
Source: guandian.cn
The Chinese Navy grows stronger
The latest planet Directory of Modern Military Wars (WDMMW) reports that at the end of 2023 the People's Liberation Army Navy of the PRC (ALW) owned 426 warships. Submarine ships and corvettes make up most of this fleet (72 and 71 units respectively). China besides has 3 aircraft carriers, 44 frigates and 42 destroyers. In order to defend the coast and deter enemy units, they may send 127 patrol vessels to sea. They besides have 9 landing ships.
The average age of ships in the ALW fleet is 14.9 years, making it 1 of the youngest in the world.
U.S. Navy ships average 21.4 years (243 ships). The United States Navy holds the position of the world's strongest fleet. According to the WDMMW value assessment, fleet forces and its structures, taking into account the strengths and weaknesses, the United States Navy scored 323,9 points, Chinese 319,8 points and is ranked second in the global ranking.
Source: wdmmw.org/peoples-liberalization-army-navy-china.php
China invests in semiconductors
In 2023, China overtook the United States and the remainder of the planet in backing start-ups dealing with integrated circuits/chips. According to the PitchBook advisory company report, 80% of all venture capital funds in the mediate State went to start-up companies dealing with the design, manufacture of chips or construction of machines for the production of integrated circuits.
Meanwhile, American startups received about 11% of VC's investment in chips last year.
For China, the semiconductor/combined circuits sector is an investment priority. In September 2023, the Central State already launched the 3rd large state fund, this time with the value of RMB 290 billion (about PLN 162.6 billion), which is to support this sector.
Source: https://pitchbook.com
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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