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Kuries wrote a post · Dec 21, 2023 10:27

Hema, Ele.me, Alibaba Digital Media & Entertainment: News on Capital Planning Untrue

$BABA-W (09988.HK)$ CEO Eddie Yongming Wu made a series of capital planning, as Hema is already considering selling of the company, Ele.me may launch new capital action, and Youku is mulling merging into $ALI PICTURES (01060.HK)$ , report said. And the premise of such plans is that profitability can be stabilized.
In this regard, Hema told The Paper that the news is false rumor. Meanwhile, Alibaba Digital Media and Entertainment Group and Ele.me also indicated the news is untrue.
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