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02-26

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Alibaba Discloses State Ownership in More Than 12 Business Units

2021-08-12

$Palantir Technologies Inc.(PLTR)$ Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.

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disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8a237ed83575dd5472b8d190c5407b2\" alt=\"Alibaba Group offices in Beijing.\" title=\"Alibaba Group offices in Beijing.\" tg-width=\"2000\" tg-height=\"1334\"/><span>Alibaba Group offices in Beijing.</span></p><p style=\"text-align: start;\">The Hangzhou-based e-commerce pioneer said in filings in the US and Hong Kong over the weekend that more than a dozen of its entities are partially owned by Chinese state-owned enterprises or foreign sovereign wealth funds. In the notice, the company said the disclosures were made “in response to certain comments from the staff of the SEC” as an amendment to its earlier filing from July.</p><p style=\"text-align: start;\">The filings come as China’s ruling Communist Party said this month that it will play a bigger role in steering the country’s technology and science development. Beijing’s tightening grip over its tech companies in recent years has intensified investor concern and the potential for greater scrutiny in the US.</p><p style=\"text-align: start;\">Chinese state-owned enterprises had shares in six of Alibaba’s direct-sales businesses, which contributed less than 6% of its total revenue in the fiscal year to March 2023. Five of those stakes were below 10% and the other was below 30%, according to the filings.</p><p>The company also said that state-owned companies took ownership in several business entities in sports, health, logistics, and local consumer services. In addition, Alibaba disclosed small stakes in some units by sovereign wealth funds from Singapore, Malaysia, the United Arab Emirates and Qatar.</p><p style=\"text-align: start;\">Alibaba did not identify the specific entities in its filing. Its corporate structure is highly complex and undergoing an overhaul as the company considers splitting off several tentpole business lines into standalone companies. A representative for the company did not immediately respond to a request for comment.</p><p style=\"text-align: start;\">The latest filing adds to the so-called “golden shares” — nominal stakes of typically 1% — that Chinese government entities took last year in units from Chinese tech leaders including Alibaba and Tencent Holdings Ltd. This share structure in theory allows the government to nominate directors or sway key company decisions, a move seen as granting Beijing another lever to influence players in the world’s largest internet arena.</p><p style=\"text-align: start;\">Alibaba has struggled over the past year to revamp its vast e-commerce, logistics and cloud empire, after setbacks in its ambitious restructuring project. Chief Executive Officer Eddie Wu has now taken direct control of its core businesses, in a bid to win back users in the face of rising competition and regulatory risks domestically and abroad.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Discloses State Ownership in More Than 12 Business Units</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Discloses State Ownership in More Than 12 Business Units\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-02-26 17:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-02-26/alibaba-discloses-state-ownership-in-more-than-12-business-units?srnd=technology-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission.Alibaba ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-02-26/alibaba-discloses-state-ownership-in-more-than-12-business-units?srnd=technology-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4503":"景林资产持仓","BK4122":"互联网与直销零售","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4502":"阿里概念","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4505":"高瓴资本持仓","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1046422090.SGD":"Fidelity Pacific A-SGD","BK4135":"资产管理与托管银行","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","BK4548":"巴美列捷福持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","BK4565":"NFT概念","BK4554":"元宇宙及AR概念","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","BK4531":"中概回港概念","09988":"阿里巴巴-W","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0067412154.USD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4526":"热门中概股","BK4575":"芯片概念","BK4587":"ChatGPT概念","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","BK4558":"双十一","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","BK4220":"综合零售","BK4524":"宅经济概念","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1688375341.USD":"贝莱德中国灵活股票基金","BK4538":"云计算","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股"},"source_url":"https://www.bloomberg.com/news/articles/2024-02-26/alibaba-discloses-state-ownership-in-more-than-12-business-units?srnd=technology-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2414869072","content_text":"Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission.Alibaba Group offices in Beijing.The Hangzhou-based e-commerce pioneer said in filings in the US and Hong Kong over the weekend that more than a dozen of its entities are partially owned by Chinese state-owned enterprises or foreign sovereign wealth funds. In the notice, the company said the disclosures were made “in response to certain comments from the staff of the SEC” as an amendment to its earlier filing from July.The filings come as China’s ruling Communist Party said this month that it will play a bigger role in steering the country’s technology and science development. Beijing’s tightening grip over its tech companies in recent years has intensified investor concern and the potential for greater scrutiny in the US.Chinese state-owned enterprises had shares in six of Alibaba’s direct-sales businesses, which contributed less than 6% of its total revenue in the fiscal year to March 2023. Five of those stakes were below 10% and the other was below 30%, according to the filings.The company also said that state-owned companies took ownership in several business entities in sports, health, logistics, and local consumer services. In addition, Alibaba disclosed small stakes in some units by sovereign wealth funds from Singapore, Malaysia, the United Arab Emirates and Qatar.Alibaba did not identify the specific entities in its filing. Its corporate structure is highly complex and undergoing an overhaul as the company considers splitting off several tentpole business lines into standalone companies. A representative for the company did not immediately respond to a request for comment.The latest filing adds to the so-called “golden shares” — nominal stakes of typically 1% — that Chinese government entities took last year in units from Chinese tech leaders including Alibaba and Tencent Holdings Ltd. This share structure in theory allows the government to nominate directors or sway key company decisions, a move seen as granting Beijing another lever to influence players in the world’s largest internet arena.Alibaba has struggled over the past year to revamp its vast e-commerce, logistics and cloud empire, after setbacks in its ambitious restructuring project. Chief Executive Officer Eddie Wu has now taken direct control of its core businesses, in a bid to win back users in the face of rising competition and regulatory risks domestically and abroad.","news_type":1},"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895741970,"gmtCreate":1628775693990,"gmtModify":1676529850519,"author":{"id":"3576570678573256","authorId":"3576570678573256","name":"kuroducky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576570678573256","authorIdStr":"3576570678573256"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","text":"$Palantir Technologies Inc.(PLTR)$ Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/895741970","isVote":1,"tweetType":1,"viewCount":1516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":895741970,"gmtCreate":1628775693990,"gmtModify":1676529850519,"author":{"id":"3576570678573256","authorId":"3576570678573256","name":"kuroducky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576570678573256","authorIdStr":"3576570678573256"},"themes":[],"htmlText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","listText":"<a target=\"_blank\" href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a> Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","text":"$Palantir Technologies Inc.(PLTR)$ Too many people look to PLTR as a meme stock and hope to get rick quick. That's not trading but gambling instead. PLTR is a stock to hold and dont expect 40 - 50 PT in a few months. If you really want to buy PLTR, just buy and hold it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/895741970","isVote":1,"tweetType":1,"viewCount":1516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":278204585672768,"gmtCreate":1708948825092,"gmtModify":1708956105438,"author":{"id":"3576570678573256","authorId":"3576570678573256","name":"kuroducky","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":6,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3576570678573256","authorIdStr":"3576570678573256"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/278204585672768","repostId":"2414869072","repostType":2,"isVote":1,"tweetType":1,"viewCount":110,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}