Alibaba Group Holding Limited (Alibaba) has reduced its holdings in 12 A-share listed companies so far this year, cashing out over 3 billion yuan.
At the end of August this year, Aojet Technology disclosed that Alibaba (China) Network Technology Co., Ltd. plans to reduce its stake in the company by no more than 3%. Currently, Alibaba holds 15.43% of Aojet Technology’s shares, making it the company’s largest single shareholder.
According to a report from “Xiaoxiang Morning News” on September 9th, from August 6 to 11, Hangzhou Alibaba Zetai Information Technology Co., Ltd. reduced its holdings in Sanjiang Shopping by 2%, totaling 112 million yuan, reducing its stake to 30%. This is the 12th reduction issued by the “Alibaba group” in the A-share market this year. From June 11 to August 1, Hangzhou Alibaba Xintou Information Technology Co., Ltd. reduced its stake in Meinian Health by 3%, cashing out approximately 573 million yuan. In addition, the “Alibaba group” also reduced its holdings in companies such as Liren Lizhuang, YTO Express, Meikailong, and O-Net Communications.
Moreover, according to the Shenwan Level Industry Classification, the 12 companies that the “Alibaba group” reduced holdings in belong to 7 different industries. Among them, there are 3 companies in the trade and retail industry, 2 in the pharmaceutical and biological, electronics, and computer industries, and 1 each in transportation, media, and automobile industries.
Looking at the performance in 2024, 7 of these companies had a net loss in profit, with Meikailong having the highest loss, reaching 2.983 billion yuan. In terms of the performance change in 2024, 5 companies saw a year-on-year decrease in net profit or continued losses, with Liren Lizhuang having the highest decrease at 182.64%, shifting from profit to loss. As for stock price trends, 8 companies saw a decline in stock prices last year, with the lowest decrease being around 5% and the highest exceeding 52%. Additionally, 4 companies saw increases in stock prices.
“Xiaoxiang Morning News” revealed that while the “Alibaba group” was reducing its holdings, it was also investing funds in other industries. According to information provided by Tianyancha, Ant Group’s investments this year have been concentrated in areas such as artificial intelligence and advanced manufacturing.
Public data indicates that the “Alibaba group” refers to all products and related services under the Alibaba Group, forming a huge ecosystem centered around the core of the Alibaba Group, encompassing many of its products and services. These products and services are not only limited to e-commerce but also cover various aspects such as finance, logistics, entertainment, and travel, creating a diversified service network.