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  The two parties will jointly launch the first dealer online sales and service business for high-end car brands. BMW and Ali reach cooperation Recently, BMW and  Alibaba  signed a memorandum of strategic cooperation, becoming the first auto company to access  Alibaba  's commercial operating system. According to the memorandum of cooperation, the two parties will jointly launch the first dealership online sales and service business for high-end auto brands, and open up online and offline user experience.  The online user traffic generated by the two parties in the cooperation will be diverted to distributors and create more business opportunities for them.  With the help of Alibaba's global membership system, BMW and MINI brands under BMW will carry out marketing activities and brand membership services on Alibaba's multiple online platforms to increase user stickiness and activity and drive business growth.  According to the BMW announcement, in the future, with the suppo

  The initial inquiry of Ant Group's IPO is completed, and the final A-share issue price is determined to be 68.8 yuan per share, with a total market value of 2.1 trillion yuan. Before the A-share over-allotment option is exercised, the total amount of funds raised by the issuer is expected to be 114.945 billion yuan; The over-allotment option is exercised in full, and the issuer is expected to raise a total of 132.186 billion yuan. Ant Group's A+H share IPO plans to raise approximately US$34.5 billion, which corresponds to a 2019 P/E ratio of 96.48 times deducting non-net profits, making it the world's largest IPO. The following are key points related to Ant Group's IPO pricing: Ant Group issue price: A shares 68.80 yuan H shares 80.00 Hong Kong dollars Based on the preliminary inquiry results, Ant Group negotiated and determined the A-share issuance price at 68.80 yuan per share, and the A-share issuance scale was 114.945 billion yuan (before the exercise of the A-sha

  US stocks closed on Monday, and the three major US stock indexes closed down sharply. The Dow fell 2.29%, the Nasdaq fell 1.64%, and the S&P 500 fell 1.82%.  Popular Chinese concept stocks  rose and fell  mixed. Among them,  Alibaba  fell 0.98%, Pinduoduo rose 0.01%, Jingdong rose 0.09%, and Weilai fell 4.23%. The specific performance is as follows: Takes stock of well-known aspects,  eggshell apartments  rose over 5%; era gathered up over 4%,  the ideal car  rose 3.7%,  the only product  , beep beep miles miles,  from whom you learned  rose over 1%.  MINISO and Weilai Automobile fell more than 4%; Ctrip,  Thunder  , Douyu, and Xiaopeng Motor fell more than 2%.  Sohu and Huya fell more than 1%, and Alibaba fell nearly 1%. Focus review People familiar with the matter: Baidu's negotiation of acquiring YY's domestic business is nearly complete It has been learned from many people familiar with the  matter  that the negotiation of  $Baidu (BIDU.US)$'s  acquisition of the