BABA offloaded2.2 million sharesof$NETEASE MUSIC (09899.HK)$off-market onApril 17th. The average selling price was approximately$87.13 per share, totaling around$191.7 million. Following the transaction, BABA's stake in CLOUD MUSIC decreased from 9.35% to8.32%.
FIRE Keith
:
Alibaba is divesting non-core assets and realigning its strategic focus to enhance operational efficiency and reinforce its core competencies.
FIRE Keith : Alibaba is divesting non-core assets and realigning its strategic focus to enhance operational efficiency and reinforce its core competencies.
$Alibaba (BABA.US)$