Discussion On The Motivation And Performance Of Alibaba Overseas Listing

After the 2008 financial crisis,in order to help China companies out of the economic crisis,China government unveiled a series of measures to encourage and support the major China enterprises going out,and the going out policy makes mainland companies who want to listed seek more consideration on the overseas city.Besides domestic market conditions strictly,many enterprises fail to meet requirements,and the time required for listing in the domestic market,the financing capacity is limited,many of the domestic market,resulting in a lot of good development of mainland enterprises have turned to the international capital market.At the same time,the world's major exchanges aimed at China,to attract China Company to their exchange traded.Therefore,more and more mainland enterprises choose to list overseas.For enterprises listed overseas,the current literature mostly adopts the method of empirical research and the case study is less,the research on the theory combined with practice of the overseas listed companies is relatively small too,especially for the case analysis of famous typically company.Therefore,this article takes the Alibaba group enterprise,which one of the typical overseas listed enterprise as the case,carries on the analysis its motive and the performance,in order to help other enterprises to obtain the inspiration,draws the experience.This paper mainly uses case study method and descriptive analysis method.In the beginning of this article,it illustrates the concept,characteristics and theoretical basis of the overseas listing.Then it analysis the whole process of Alibaba Group overseas listing,including the motivation of decision,the choice of opportunity and the change of corporate performance.In the end of this article,summarizes the conclusion and successful experience of the overseas listing of the group,and hopes to give some inspiration to other mainland companies wishing to list overseas.From the point of view of the article structure,this paper takes the case study of overseas listing of Alibaba group as the starting point,and then forms the structure of this paper through five chapters.The first chapter describes the background and significance of this research,literature review related to the content of the article,research ideas and methods,the main content and the framework of the article.Since China's capital market is not perfect in the international capital market,this paper mainly quotes the research results of foreign and domestic scholars when describing the research status of overseas listing motivation and performance.The third chapter focuses on the overseas listing of Alibaba group,illustrates the whole process and characteristics of the group decision-making,especially points out the special characteristics of the group listing and other companies.The fourth chapter analyzes the Alibaba listed overseas after the performance including the influence on group market performance,debt paying ability,growth ability,profitability and brand value,analyze the reasons for these changes in performance.The fifth chapter summarizes the main conclusions of this case analysis,and puts forward some relevant suggestions for reference.This article use the group Alibaba listed overseas case as a starting point,analysis of Alibaba listed overseas motivation and performance,found how the Alibaba group through overseas listing to promote the development of the enterprise itself,enhance profitability and shareholder wealth,improve corporate governance mode.Not only to provide the reference to further enhance the performance of the Alibaba group in the future,but also wish to provide reference to allow some of the companies which are preparing for overseas listing,or after the implementation of overseas listed companies.