Filing: Alibaba plans to spin off its Shanghai-based self-driving unit Banma through a Hong Kong IPO, reducing its stake from 44.72% to 30% post-IPO
Aileen Chuang / South China Morning Post :
Source: Alibaba's supermarket chain Hema plans to gradually wind down the last of its Costco-like members-only stores in China in a bid to improve profitability
Bloomberg :
Report: Douyin is merging its online shopping and instant delivery platforms, as ByteDance takes on Alibaba, JD.com, and Meituan in China's quick delivery race
Hannah Wang / South China Morning Post :
In a letter to staff, CEO Eddie Wu says Alibaba is merging its food delivery platform Ele.me and online travel agency Fliggy into its core e-commerce business
Wency Chen / South China Morning Post :
Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business
- Sun Art had attracted interest from other private equity firms … China's e-commerce pioneer said it could receive gross proceeds …
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B
- Companies announce JV deal in Korea, confirming earlier report — Alibaba seeks inroads abroad as growth slows in China
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss
Bloomberg :
Sources: Walmart, JD.com's largest shareholder, is raising about $3.6B by selling its stake in the Chinese e-commerce firm; JD falls 9%+
Names Alibaba As Only Name That Has Real Liquidity Philip Whiterow / Proactive : Walmart shares tick higher following JD.Com sale Juro Osawa / The Information : Walmart Sells Stake in China's JD.com f...
Filing: Alibaba calls off a Hong Kong IPO for its Cainiao logistics arm, and now plans to buy out all remaining stock held by investors and employees for $3.75B
Pei Li / Bloomberg :
Sources: Jack Ma and Joe Tsai become Alibaba's largest shareholders after buying shares worth ~$50M and ~$150M, respectively, in Q4, together eclipsing SoftBank
Zhou Xin / South China Morning Post :