Alibaba 2017 AGM - Webinar

  Singles Day is coming! The number on the screen is the 
amount of sales in ONE day for Singles Day 2016 (Source: CNN)

- On dividends:

The board does not plan to announce dividends for the time being as they see great potential in the business and plan to retain earnings for future expansion.

- Progress of the "Five New" Strategy:

It is a long term strategy with a timeline of 10 to 20 years. In the digital economy era, all kinds of infrastructure such as big data, cloud computing will be important. Alibaba will stick to the philosophy to make business easier to carry out anywhere. All the core strategies centered around commerce such as finance, logistics - Cainiao, will continue to be pushed and executed. Rapid progress has been seen this past year, empowering companies and customers to capitalise on the opportunities of the digital economy.

- On stock splits:

No plans yet.

- What is the strategy for growing the business in South East Asia, given the investment in Lazada?

Alibaba's globalisation strategy: To serve 2 billion customers 20 years from now.

The South East Asia market is an important market for the globalisation strategy, starting with the investment in Lazada. The market has 550 million customers who are young and use wireless technology, presenting great potential. Alibaba will continue to enhance investment in the region to take advantage of the opportunities present.


Note: I hold shares of Alibaba.