Alibaba Continues Divestment of Non-Core Assets, Plans to Cut Stake in YTO Express - YUAN TALKS
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Alibaba Continues Divestment of Non-Core Assets, Plans to Cut Stake in YTO Express - YUAN TALKS
Alibaba continues its exit from non-core minority equity investments. YTO Express (600233.SH) said that Alibaba's subsidiary, Hangzhou Haoyue Enterprise Management Co., Ltd., intends to sell up to 68.935 million shares of the company—equivalent to no more than 2% of its total share capital—through block trades within three months, starting 15 trading days after the announcement.
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