YTO Express Co., Ltd. (Stock Code: 600233) has announced a 305 million yuan acquisition of 100% equity in Wanjia Gaoke.
Wanjia Gaoke is a wholly-owned subsidiary of the controlling shareholder Shanghai YTO Jiaolong Investment Development (Group) Co., Ltd., and it holds land located in the Yangjiaying Village East area of Renhe, Shunyi District.
As of December 31, 2024, the equity structure of YTO shows that Jiaolong Group is an asset of Yu Huijiao and Zhang Xiaojuan, meaning this transaction allows them to cash out 300 million yuan.
YTO Express stated that the acquisition is to meet the needs of business development and operational planning, further improve the infrastructure layout in the Beijing area, and promote the optimal allocation of the company's assets in North China.
Alibaba just cashed out 600 million yuan. In November 2025, YTO disclosed that Hangzhou Haoyue, an investment company under Alibaba, reduced its stake, decreasing its shareholding ratio from 9.06% to 7.9%.
Prior to this transaction, Hangzhou Haoyue held 9.06%, Hangzhou Ali Venture Capital Co., Ltd. held 9.15%, and Zhejiang Cainiao Supply Chain Management Co., Ltd. held 0.54%, collectively totaling 18.75%.
After the transaction, Hangzhou Haoyue holds 7.9%, Hangzhou Ali Venture Capital Co., Ltd. holds 9.15%, and Zhejiang Cainiao Supply Chain Management Co., Ltd. holds 0.54%, collectively totaling 17.59%.
As of Friday's market close, YTO's stock price was 16.55 yuan, with a market capitalization of 56.6 billion yuan. Based on this calculation, Alibaba's recent cash-out exceeded 600 million yuan.
In June 2025, YTO had previously disclosed that Hangzhou Haoyue transferred 68,935,068 unrestricted shares, representing 2% of the company's total shares, through block trades between April 3, 2025, and June 26, 2025.
The total amount cashed out by Hangzhou Haoyue in that instance was 847 million yuan, and that share reduction plan has been fully implemented.
This means that in less than a year, Alibaba has cashed out over 1.4 billion yuan and remains a significant shareholder of YTO.
