On August 20, Alibaba Group announced its financial report.
The financial report shows that from January to March 2020, Alibaba will receive an investment income of approximately RMB 3.034 billion from Ant Group.
This morning, China new energy automaker Xiaopeng Motors (XPeng) formally filed IPO documents with the US Securities and Exchange Commission (SEC). It plans to be listed on the New York Stock Exchange under the stock code “XPEV”.
On May 28, China Merchants Port Group signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial. The three parties completed an “on-chain signing” in Beijing, Hong Kong, Shenzhen, and Hangzhou through smart contracts pioneered by Ant Blockchain.
Chongqing United Assets and Equity Exchange Group has disclosed that the capital increase project of Chongqing Flying Elephant Internet was officially completed on April 30. Alibaba Group injected 7.5 million yuan as an investor to obtain 25% of the company’s shares.