再谈阿里的资金池（Talk about Alis capital pool）.docVIP

再谈阿里的资金池（Talk about Alis capital pool） Talk about Alis capital pool My article caused a lot of controversy yesterday. Some of the conclusions are common sense to me, so they are not used directly without argument, but I find these conclusions seem new to all. Among them, the biggest argument is about the capital pool narrative. I think whether it is Internet companies or other enterprises, if financial in China, a pool of funds to bring unparalleled advantage. And many people do not agree, think it is too absolute. Today I will talk about special pool of funds, and also discussed some of the Alibaba. Before you speak Ali, tell some other stories. This is a true story that happened in China. I wrote it in my book, but here I dont call it by name and do some simplification. If someone is interested, it is not difficult to find out which one. A real estate developer wants to build a high-rise in the country, and everyone says its impossible. Some media curiously figured accounts, to build the building, need the funds has exceeded the real estate affordability, even if it is difficult to cover up No. After the media amplification, peoples voices of doubt are also growing. But the building was completed and received a favorable review. Later, someone asked the developers curiously, how much money did he put in the end?. Developers replied: almost zero.. Or, in addition to sporadic small money, almost no investment in its own funds. Where did all the money come from? Developers will emerge in its totality own operation mode: First, the land comes from the city government. Municipal government in order to give this landmark project escort (which is related to many people, the land transportation) into a government controlled city investment company, the city investment company with joint venture and the name of the real estate developers set up a joint venture company, the real estate pricing will be injected into the joint venture company. Therefore, the land without a pe