Liu Qiangdong commented on Ali's purchase of Youku Tudou: Never worry about monopoly by industry giants

The reporter asked Jingdong Group CEO Liu Qiangdong on Weibo for his opinion on Ali's acquisition of Youku Tudou. Liu Qiangdong said that there is never a need to worry about giant monopoly in the industry.

Jingdong and Tencent announced on the 17th the launch of a strategic cooperation project-the "Jingteng Plan". During the meeting, the reporter asked Jingdong Group CEO Liu Qiangdong on Weibo for his views on Ali's acquisition of Youku Tudou. Liu Qiangdong said that there is never a need to worry about giant monopoly in the industry.

On the 16th, Alibaba announced that it had issued an offer to Youku Tudou's board of directors to fully acquire all shares in Youku Tudou that it has not yet held, with a total amount expected to exceed US$4.5 billion. This is another major move by Ali after investing 28.3 billion yuan in Suning.

Just today, JD and Tencent jointly stated that they will use their strongest resources and products to build an innovative business platform called "Brand-Commerce". Many people believe that JD is hugging Tencent's thigh and responding to Alibaba's competition. Helpless move.

In this regard, Liu Qiangdong told reporters,"If the cooperation between Tencent and Jingdong can reach a new level and win a win-win situation for partners, this is a strategic choice. How can it be regarded as Jingdong is hugging Tencent's thigh?"

Liu Qiangdong said that since Tencent strategically invested in Jingdong in early 2014, the two parties have reached a lot of cooperation, including the Jingdong 6.18 store celebration and the Double 11 E-commerce Shopping Festival. Jingdong only uses 10% of Tencent's resources, and 90% of its resources in the future are still available. Deep excavation.

Currently, the Internet industry is undergoing a fierce trend of integration. Since the beginning of this year, with the merger of Didi Kuaidi, the merger of Ganji 58 City, the merger of Dianping and Meituan, and Alibaba's wholly-owned acquisition of Youku Tudou, the industry has quickly become BAT's world.

When talking about this phenomenon, Liu Qiangdong said that this is the inevitable development of the Internet industry. In the past three years, it has been too easy for Internet companies to raise funds. They often spend 80 yuan to subsidize them, but they can get an investment of 100 yuan. The valuation of the company is still getting higher and higher.

"The development of the Internet in China in the past three years has been too crazy. For example, if everyone watches a movie and has more than 10 movie ticket machines at the same time, consumers don't know which one to choose. This is an abnormal phenomenon. The merger is not only beneficial to the industry, but also beneficial to consumers."

Liu Qiangdong said that industry integration is not a phenomenon unique to the Internet. The steel and cement industries are facing integration after rapid development. The results are the same and the world is the same. All of this is inseparable from the basic laws of the economy.

"Maybe there was only BAT at the beginning, only Jingdong, 360, Xiaomi, and Meituan, but the industry will continue to have new models and new innovations, and new giant companies will be born in 5 or 10 years."

Liu Qiangdong said that as long as the industry is healthy, fair, has basic rules, and is always developing, don't worry about industry monopoly.

Editor: vian