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Alibaba | SC 13D/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-Alibaba Group Holding Limited(4.9%),Taobao China Holding Limited(4.9%)

SEC announcement ·  Mar 22 18:07
Summary by Futu AI
Alibaba Group Holding Limited and its subsidiary Taobao China Holding Limited have filed an amendment to their Schedule 13D with the U.S. Securities and Exchange Commission, indicating a significant change in their ownership of XPeng Inc. shares. As of March 20, 2024, both entities ceased to be the beneficial owners of more than five percent of XPeng's Class A Ordinary Shares. The amendment, dated March 22, 2024, marks the final filing for Alibaba and Taobao China, effectively signaling their exit from a substantial ownership position in XPeng. The sale of shares was conducted through broker transactions on the New York Stock Exchange, with 33 million ADSs (equivalent to 66 million Class A Ordinary Shares) sold at a price of $9.515 per ADS. This transaction reduces their ownership stake to 4.9%, representing 4.0% of XPeng's total issued and outstanding ordinary shares. The filing concludes Alibaba and Taobao China's reporting obligations regarding their XPeng shareholding, as they no longer meet the threshold that requires further disclosures.
Alibaba Group Holding Limited and its subsidiary Taobao China Holding Limited have filed an amendment to their Schedule 13D with the U.S. Securities and Exchange Commission, indicating a significant change in their ownership of XPeng Inc. shares. As of March 20, 2024, both entities ceased to be the beneficial owners of more than five percent of XPeng's Class A Ordinary Shares. The amendment, dated March 22, 2024, marks the final filing for Alibaba and Taobao China, effectively signaling their exit from a substantial ownership position in XPeng. The sale of shares was conducted through broker transactions on the New York Stock Exchange, with 33 million ADSs (equivalent to 66 million Class A Ordinary Shares) sold at a price of $9.515 per ADS. This transaction reduces their ownership stake to 4.9%, representing 4.0% of XPeng's total issued and outstanding ordinary shares. The filing concludes Alibaba and Taobao China's reporting obligations regarding their XPeng shareholding, as they no longer meet the threshold that requires further disclosures.
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