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An announcement from Alibaba Group Holding Ltd. ( (HK:9988) ) is now available.
Alibaba Group Holding Limited announced the filing of a Schedule 13G by its shareholder, SoftBank Group Corp., to report its beneficial ownership in the company as of December 31, 2024. This filing is in compliance with U.S. securities law, which mandates disclosure for entities owning more than 5% of a listed security. This development highlights the ongoing regulatory compliance and shareholder transparency efforts by Alibaba, potentially affecting its market perception and investor relations.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Limited is a multinational conglomerate primarily operating in the e-commerce and technology sectors. The company provides a variety of services including online retail, cloud computing, digital media, and entertainment, with a significant presence in both Chinese and international markets.
YTD Price Performance: 50.61%
Average Trading Volume: 77,813,715
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$2358.8B
For an in-depth examination of 9988 stock, go to TipRanks’ Stock Analysis page.
