4.36%, this is the second largest drop in Alibaba's listing since the NYSE in January 28th. On the day of January 28th, Ali opened a low price of 2 dollars, closing down 4.49 US dollars, not only once again below the 100 dollar mark, but also the market value of evaporation was as high as 11 billion 100 million US dollars. At the same time, more than 170 stocks listed in the United States dropped nearly 100.

This is not a small trouble. This is the case for Liu Hongliang, director of the Internet Supervision Department of the General Administration of industry and commerce. This is a big trouble. This is true for Alibaba chairman Ma Yunlai.

The problem is not

Although 99% of the discussions will focus on this issue, the issue is not the white paper hanging out on the website of the General Administration of industry and commerce. Whether this thing can be used in the name of the white paper is not important. What is important is that the meeting minutes showed that there was such an administrative guidance meeting in July 2014. The administrative guidance working group of the head of the Internet Supervision Department of the General Administration of industry and Commerce in Beijing, Jiangsu, Shandong, Guangdong, Fujian and the Bureau of Commerce and Industry Administration of the industry and Commerce Bureau is the head of the general administration. The aim is to urge Alibaba to face up to and solve the illegal business problems that exist on the Internet trading platform of Ali for a long time.

In July 16th, the Administrative Guidance Group joined the Zhejiang industry and Commerce Bureau and the Hangzhou industry and Commerce Bureau to convene a symposium at the industrial and commercial bureau of Zhejiang Province.

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According to the white paper, in order not to affect the listing process of Ali, the symposium was held in an internal closed form. In view of the current regulatory situation, all the knowledge of corridor Qing was released.

　　2014年7月的這么一個(gè)重要的會(huì)議真相在半年之后才披露，而且是因?yàn)榘⒗锏晷《我獗茖m才無(wú)可奈何，不管原因是恩將仇報(bào)還是自相殘殺，你讓我們這些投資者情何以堪?工商局你是國(guó)家利益的看門狗，你有什么義務(wù)為一個(gè)外資公司的上市保駕護(hù)航?查處阿里平臺(tái)的假貨天經(jīng)地義的事為什么搞得偷偷摸摸見(jiàn)不得人?難道真如工商小編所稱"你們和阿里是隊(duì)友"?監(jiān)管不對(duì)消費(fèi)者公開(kāi)，監(jiān)管的目的意義何在?阿里店小二可以質(zhì)疑到司長(zhǎng)情緒執(zhí)法，我們是不是可以質(zhì)疑工商選擇性執(zhí)法養(yǎng)癰遺患?這份遲到的白皮書算不算重大信息，如果算，現(xiàn)在才公布是不是構(gòu)成隱瞞?如果不是，那么為什么現(xiàn)在公布且在公布之后又作大量刪改替換?阿里是不是認(rèn)為類似問(wèn)題習(xí)以為常不需向投資者交待，這種閉門會(huì)議的合法性經(jīng)得起推敲嗎?如此，阿里的上市是否涉嫌欺詐呢?這恐怕才是事件的要害!

It happens that it is not too late.

The fourth quarter earnings report, although the revenue growth of 40%, but profits fell 28% over the same period last year, such a report is a bolt from the blue for the Wall Street which has been hung up on its appetite. The stock price of Ali has plunged again with no suspense. This time the drop is a record 8.64%. The biggest drop in the intraday market has reached 13.66%. The closing price has already fallen below the opening price of September 22nd when it was 90 dollars, while the sky Jones market has increased 1.3%. The market value of Ali has evaporated another 20 billion dollars in one day, and if it is the highest 125 dollars, it will achieve an astonishing about 60000000000 dollars.

These figures, in the eyes of the richest man, seem to be nothing but paper wealth. They are up and down, big and small irrelevant. But for investors who are going up and down in the market, they may be in their own lives and have made a fortune overnight, so they can not afford to lose their fortunes. Therefore, it is impossible not to be serious. It is impossible not to really hurt you.

The stock market in the United States is no less than that in China, and the SEC is not the China Securities Regulatory Commission. The Commerce Department of the United States is not China's Bureau of industry and commerce. Of course, investors in the United States are not even the Chinese investors who have knocked their teeth out of their stomachs. Besides, there are so many unreasonable three cent lawyers, such as the vulture like short selling agencies. Therefore, Ali's trouble is still behind, not a general trouble, but rather a big trouble.