Alibaba Amends XPeng Filing

TL;DR

Alibaba just updated its XPeng filing (SC 13D/A). Watch for details.

AI Summary

Alibaba Group Holding Limited filed an amendment (No. 3) to its Schedule 13D on March 22, 2024, concerning its holdings in XPeng Inc. The filing indicates a change in the reporting person's status, but specific details on the nature of the change or the exact number of shares held are not provided in this excerpt. Alibaba Group Holding Limited is a major e-commerce and technology company.

Why It Matters

This amendment signals a potential shift in Alibaba's stake or reporting strategy regarding its investment in XPeng, a significant player in the electric vehicle market.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings can indicate significant changes in a major shareholder's position, potentially impacting the stock price.

Key Players & Entities

• Alibaba Group Holding Limited (company) — Filing entity
• XPeng Inc. (company) — Subject company
• Jinwei Zhang (person) — Reporting person

FAQ

Key Financial Figures

• $0.00001 — Class A Ordinary Shares, par value US$0.00001 per share (Title of Class of Securiti
• $9.515 — ng 66,000,000 Class A Ordinary Shares) $9.515 (d) To the best knowledge of the Repo

Filing Documents

• tm249431d1_sc13da.htm (SC 13D/A) — 65KB
• 0001104659-24-037487.txt ( ) — 67KB

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. The information set forth in Item 5 of the Original Filing is amended as follows: (a)-(b) The responses of each Reporting Person to Rows (7) through (13) of the cover pages of this Amendment No.2 are hereby incorporated by reference into this Item 5 and are as of the date hereof. Except as disclosed in this Amendment No.3, none of the Reporting Persons nor, to the best of their knowledge, any of the persons listed in Schedules A-1 or A-2 hereto, beneficially owns any Class A Ordinary Shares or has the right to acquire any Class A Ordinary Shares. Except as disclosed in this Amendment No.3, none of the Reporting Persons presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the Class A Ordinary Shares which it may be deemed to beneficially own. (c) The table below specifies the date, amount and price per ADSs for the Class A Ordinary Shares sold by the Reporting Persons during the 60-day period prior to March 22, 2024. The Reporting Persons effected sales of Class A Ordinary Shares in the form of ADSs through broker transaction on the New York Stock Exchange under Rule 144 promulgated pursuant to the Securities Act of 1933, as amended. Trade Date Amount of Securities Price per ADS March 20, 2024 33,000,000 ADSs (representing 66,000,000 Class A Ordinary Shares) $9.515 (d) To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Persons identified in this Item 5. (e) As a result of the transactions described herein, on March 20, 2024, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Class A Ordinary Shares. The filing of this Amendment No. 3 represents the final amendment to the Schedule 13D and constitutes an exit fil

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of their knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: March 22, 2024 Alibaba Group Holding Limited By: /s/ Jinwei Zhang Name: Jinwei Zhang Title: Authorized Signatory Taobao China Holding Limited By: /s/ Lei Jin Name: Lei Jin Title: Authorized Signatory SCHEDULE A-1 Directors and Executive Officers of Alibaba Group Holding Limited The following table sets forth the name, citizenship, company incorporated under the laws of the Cayman Islands (“AGHL”). Name and Citizenship Present Principal Occupation Directors 7 Joseph C. TSAI, Canada Chairman of AGHL Eddie Yongming WU, Singapore Director and Chief Executive Officer of AGHL c/o 969 West Wen Yi Road Yu Hang District, Hangzhou 311121 People’s Republic of China J. Michael EVANS, Canada Director and President of AGHL Maggie Wei WU, People’s Republic of China Director of AGHL Jerry YANG, United States of America Independent Director of AGHL; Founding Partner of AME Cloud Ventures Wan Ling MARTELLO, United States of America Independent Director of AGHL; Co-founder and Partner of BayPine Weijian SHAN, People’s Republic of China Independent Director of AGHL; Executive Chairman and Founder of PAG Irene Yun-Lien LEE, People’s Republic of China Independent Director of AGHL; Executive Chairman of Hysan Development Limited Albert Kong Ping NG, People’s Republic of China Independent Director of AGHL Kabir MISRA, United States of America Independent Director of AGHL; Managing Partner at RPS Ventures Executive Officers 8 Toby Hong XU, People’s Republic of China Chief Financial Officer of AGHL Jane Fang JIANG, People’s Republic of China

View Full Filing

View this SC 13D/A filing on SEC EDGAR