Alibaba Group announced on the evening of Friday (December 15) that some Xiaopeng Automobile equity it held.
Comprehensive Financial Association and Sina Technology reported that the relevant person in charge of Alibaba Group said, "According to our own capital management goals, we sold the ministerial Xiaopeng shares held, and the shares held from 10.2%to 7.5%. Xiaopeng is one of the leaders in the field of electric vehicles in China, and we have established a strategic cooperation relationship with them.The incident of Baba's holdings of Xiaopeng Automobile ", Xiaopeng Automobile responded on Saturday (16th) that Ali reducing its holdings is to perform its strategy of investing in the Q3 quarterly report to return to shareholders, not because of the view of Xiaopeng Companychange.Ali is still the second largest shareholder of Xiaopeng since then, holding about 8%of the shares, and will continue to carry out in -depth strategic cooperation with Xiaopeng Automobile in the field of cloud computing.
Xiaopeng Automobile also emphasized that this year has established strategic cooperation with Volkswagen, and Volkswagen is currently the third largest shareholder of Xiaopeng.Xiaopeng currently has more than 40 billion yuan in cash (RMB, the same below, about S $ 7.53 billion). In the second half of the year, the positive free cash flow reached billions of yuan, with abundant cash and greatly improved cash flow.
According to reports, Xiaopeng Automobile is a electric vehicle manufacturing company, He Xiaopeng, founder of UC, former Alibaba Mobile Business Group, YY founder Li Xueling, Cheetah mobile CEO Fu Sheng, Tencent executive Wu Xiaoguang, etc.People jointly invested in 2014.On August 27, 2020, Xiaopeng Automobile was listed on the NYSE. On July 7, 2021, Xiaopeng Automobile was listed on the main board of the Hong Kong Stock Exchange.
The prospectus listed on Xiaopeng Automobile in Hong Kong shows that He Xiaopeng, the co -founder, chairman and CEO of Xiaopeng Automobile, and its affiliated company as the controlling shareholder of Xiaopeng Automobile, holding 21.75%, and TaobaoChina's shareholding ratio is 11.9%, which is the second largest shareholder of Xiaopeng Automobile.
As of the closing of the US stocks as of the 15th, Xiaopeng fell 7.54%to report to $ 14.47 (about S $ 19.3) per share, with a total market value of US $ 13.641 billion.
