Summary by Futu AI
Alibaba Group Holding Limited, along with its subsidiaries Taobao Holding Limited and Taobao China Holding Limited, have filed an exit report with the United States Securities and Exchange Commission (SEC) on March 25, 2024, indicating that they no longer hold any shares in Bilibili Inc. The filing, specifically a Schedule 13G/A amendment, states that as of March 21, 2024, Taobao China Holding Limited has divested its entire stake in Bilibili Inc., which consists of Class Z Ordinary Shares and American Depositary Shares (ADSs), each representing one Class Z Ordinary Share. Consequently, none of the reporting entities are beneficial owners of more than 5% of Bilibili's Class Z Ordinary Shares or ADSs. The report confirms that the shares were not acquired or held for the purpose of changing or influencing the control of Bilibili Inc. nor in connection with any transaction with such purpose or effect. The principal business office for all three entities is located in Hong Kong.