Ali $56 million stake in maternal and child website Zulily into the largest shareholder

[Abstract] earlier, Ali holds less than 5% of the shares of Zulily, the investment has never been disclosed by the media. The Ali $56 million stake in Zulily, Ali has become Zulily’s largest shareholder, the shareholding ratio has exceeded 9.3%.

 

Tencent science and technology news (Le Tian) May 9th news, according to foreign media reports, the recent increase in the U.S. group Alibaba investment.

documents show that this week, Ali’s investment company to spend about $56 million to buy 4 million 800 thousand shares of Zulily shares, Ali Zulily shares held by the number increased to 11 million 500 thousand shares, worth about $156 million, accounting for nearly 1/6 of the shares of Zulily.

previously, Ali holds less than 5% of the shares of Zulily, the investment has never been disclosed by the media. The Ali $56 million stake in Zulily, Ali has become Zulily’s largest shareholder, the shareholding ratio has exceeded 9.3%.

of course, Ali is a Class A shares, only 1/10 of the voting rights of B shares. , most of the B class Zulily shares in the hands of the company founder.

data shows, Zulily listed price of $22 per share in November 2013, the highest price has risen to $70, but recently Zulily shares fell nearly 20%, after hours stock price diving.

overwhelmed Ali Holdings Zulily, Ali also showed confidence in the future of Zulily. Zulily management has expressed welcome to Ali’s stake.

shares with ALI Zulily, Zulily’s share price rebounded. On Friday, Zulily’s shares rose 12.67% to $13.30 a share.

it is worth noting that, more than 1 years in the past, Ali stepped up investment in the U.S. market layout. Ali in March this year to $200 million investment in mobile applications Snapchat, earlier, to $206 million investment in Amazon’s rival ShopRunner. Ali also invested $215 million TangoMe.

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