Summary by Futu AI
SoftBank Group Corp. has filed an amendment to its Schedule 13G/A with the Securities and Exchange Commission on November 14, 2024, indicating a change in its holdings in Alibaba Group Holding Limited. As of September 30, 2024, SoftBank reported beneficial ownership of approximately 2.26 billion ordinary shares of Alibaba, representing 11.8% of the company. This ownership includes both sole and shared voting and dispositive power over the shares. The filing also notes that due to SoftBank and its affiliates owning less than 15% of Alibaba's outstanding ordinary shares, certain provisions of the Amended Voting Agreement, specifically those related to director nominations and voting, are no longer effective. Consequently, SoftBank no longer considers itself part of a 'group' for the purposes of Section 13(d) of the Securities Exchange Act with respect to its Alibaba shares. The address of Alibaba's principal executive offices is listed as 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong S.A.R.