Ali $1.4% holdings of micro-blog shares of 135 million


technology news Beijing September 10th morning news group, Alibaba (NYSE:BABA) to the U.S. Securities and Exchange Commission (SEC) submitted to the relevant documents, micro-blog executive team members who have purchased a total of 3 million shares of micro-blog stock disclosure, micro-blog accounted for 1.4% of the total outstanding shares, the total price of the transaction was $135 million.

after the completion of this transaction, Ali holds a stake in micro-blog will be increased from 30.1% to 31.5%, the voting rights will be increased from 14.5% to 15.2%. Ali’s acquisition of the shares of the company’s executives to sell some of the shares of micro-blog, Ali showed Sina and micro-blog management team’s continued support and good. Ali continued to overweight micro-blog will bring positive signals to the market and the two sides, the two sides are expected to cooperate more closely.