Chinese tech giant alibaba announced through an sec filing on thursday that its taobao marketplace has acquired around 24 million shares in bilibili, representing roughly an 8% stake in the chinese.
29+ Alibaba Xpeng Stake
PNG. People look at xpeng's p7 sedan model displayed at the guangzhou auto show in guangzhou. To 19% of class a.
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Alibaba has taken a stake in the company, while prominent tech executives, including lei jun, ceo of xpeng is also working to equip its vehicles with voice recognition. Xpeng has filed confidentially for nyse listing, source says. Alibaba group backed xpeng in a $314.8 million series b+ round in 2018.
Alibaba group holding limited reports 19% stake of class a ordinary shares in xpeng inc as of aug.
The investment makes alibaba one of bilibil's top stakeholders. People look at xpeng's p7 sedan model displayed at the guangzhou auto show in guangzhou. Five years since incorporation, the chinese. Xpeng, founded in 2014, said in a statement that the new funding demonstrates investors' confidence in the company's.
