Recently, Alibaba plans to ** the equity of Xpeng Motors, involving about 3 funds$9.1 billion. The move was made by Alibaba in accordance with its own capital management objectives, with a stake of 102% reduced to 75%。*Upon completion, Alibaba will remain the second-largest shareholder of Xpeng Motors. "Xpeng is one of the leaders in China's electric vehicle sector, and we have established a strategic partnership with it. We believe in Xpeng's prospects and look forward to continued cooperation with the company." ”
For Alibaba, this is a necessary move to streamline non-core business and focus on its main business. As the market value of Pinduoduo once surpassed Alibaba, it created a certain urgency for the Alibaba system, and accelerating the focus has become one of the most important tasks of Alibaba Group. As a result, part of Xpeng's stake is part of Alibaba's strategic realignment.
Alibaba's ** to Xiaopeng has a worse impact, and Xiaopeng Motors' U.S. stock market on the evening of December 15 sharply**, and finally 14$47**, range 754%。Like most new EV makers, Xpeng Motors is still in the embarrassing situation of increasing revenue but not increasing profits, and the growing net loss has made investors gradually lose patience with it.
According to the business investigation, the legal representative of Guangzhou Orange Xing Zhidong Automobile Technology Co., Ltd. He Xiaopeng has a registered capital of 326748120,000 yuan, the date of establishment is 2015-01-09 Xpeng Motors