Home> Blog> Hammer investors shelling Ali? Alibaba's response: Investment is not a public benefit

Hammer investors shelling Ali? Alibaba's response: Investment is not a public benefit

June 21, 2023

[Global Scientific and Technological Report] August 10th, Zheng Gang, a hammer investor in a dialogue with a certain media, once said that because Ali didn't invest, the hammer almost did not ease and he could not send a salary. It triggered the attention of the industry and the media.

In response, Wang Shuai, chairman of the Alibaba Market Public Relations Committee, responded in his Weibo statement that investment is not a public benefit, investment is not borrowing and charity. This is a basic common sense.

Last week, Luo Yonghao stated that in 2016, the company’s outbound acquisitions did occur, but the transaction was eventually realized. Luo Yonghao also revealed that the new round of financing for hammer technology is between 9 and 1 billion yuan. Hammer Technology official said that the new round of financing of investors, the specific investment amount and time can not be determined.

At this time, Zheng Gang, an early investor in Hammer Technology and a founding partner of Zihui Ventures, said in a circle of friends: “(Hammer) was almost killed by Alibaba!! Knowing that a startup company cannot afford to lose, before and after Six months, and finally say no! If it is not Zihui's insistence, how do you make a billion dollars in the street!!"

Zheng Gang also commented: “In the future, 1. Don’t look for them without money or lack of money. They are big monsters. They cannot, can’t pity, and don’t pass through the snow for startups. 2. They cannot treat these companies differently. , is an investment, nothing BAT is not BAT's, in the unfamiliar street did not help the fart, white to give; 3, they are born to access the disk man, less than the maturity of corporate development, do not let them vote!"

According to media reports, Zihui Ventures is an A-round investor of Hammer Technology. In 2011 Zheng Gang founded Shanghai Zihui Venture Capital Co., Ltd., Momo, TouchPal Technology, and Hammer are all star investment projects.

Hammer Technology once confirmed in July 2015 that it had invested in Suning Cloud, and Ali invested in the Suning Cloud Merchant in August 2015, which indirectly caused the hammer and Alibaba to have an equity link. On June 28th, 2016, Hammer Technology made a change of equity pledge information. HammerTech CEO Luo Yonghao pledged some equity to Alibaba.

According to reports from Lei DiTing.com, the media, the people of Ali Investment Department initially promised to invest in hammer technology. This decision was passed by Ma Yun himself, but was given by Ali's CFO, so things went in for months and there was no success.

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