Summary by Moomoo AI
SoftBank Group Corp. has filed an amendment with the Securities and Exchange Commission on February 14, 2024, indicating a change in its holdings in Alibaba Group Holding Limited. The filing, an amendment to Schedule 13G/A, shows that as of December 31, 2023, SoftBank's beneficial ownership in Alibaba stands at approximately 14.0% of the company, with 2,791,081,528 ordinary shares. This ownership includes both sole and shared voting and dispositive power over millions of shares. The filing also notes that due to SoftBank and its affiliates owning less than 15% of Alibaba's outstanding ordinary shares, certain provisions of a previously established voting agreement, including those related to director nominations and voting, are no longer effective. The address of Alibaba's principal executive offices is listed as 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong S.A.R., while SoftBank's principal business office is in Tokyo, Japan.
