Alibaba Amends SC 13G/A on Perfect Corp. Stake

TL;DR

**Alibaba still owns a piece of Perfect Corp., signaling continued interest.**

AI Summary

Alibaba Group Holding Limited filed an amended SC 13G/A on January 29, 2024, indicating its continued beneficial ownership in Perfect Corp.'s Class A ordinary shares, par value $0.10 per share. This filing, an amendment to a previous statement, confirms Alibaba's ongoing investment in Perfect Corp. and is important for investors as it shows a major tech company maintaining its stake, potentially signaling confidence in Perfect Corp.'s future or strategic alignment.

Why It Matters

This filing confirms Alibaba's continued significant, though passive, investment in Perfect Corp., which can influence investor perception and potentially signal strategic interest or partnership opportunities.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in control or significant new risk.

Analyst Insight

Investors should note Alibaba's continued, passive stake in Perfect Corp. as a potential long-term endorsement, but this filing alone doesn't suggest immediate strategic moves or changes in Perfect Corp.'s operations.

Key Numbers

• $0.10 — Par Value per Share (The par value of Perfect Corp.'s Class A ordinary shares.)

Key Players & Entities

• Alibaba Group Holding Limited (company) — the reporting person and beneficial owner
• Perfect Corp. (company) — the subject company whose shares are owned
• Taobao China Holding Ltd (company) — a group member associated with the filing
• Taobao Holding Ltd (company) — a group member associated with the filing
• $0.10 (dollar_amount) — par value per share of Perfect Corp. Class A ordinary shares

Forward-Looking Statements

• Alibaba will maintain its passive investment in Perfect Corp. for the foreseeable future. (Alibaba Group Holding Limited) — medium confidence, target: 2025-01-29

FAQ

Key Financial Figures

• $0.10 — er) Class A ordinary shares, par value $0.10 per share (Title of Class of Securiti

Filing Documents

• tm243681d1_sc13ga.htm (SC 13G/A) — 58KB
• tm243681d1_ex1.htm (EX-1) — 8KB
• 0001104659-24-007678.txt ( ) — 68KB

(a) Name of Issuer

Item 1(a) Name of Issuer: Perfect Corp. 1(b) Address of Issuer's Principal Executive Offices: 14F, No. 98 Minquan Road, Xindian District, New Taipei

(a) Name of Person Filing

Item 2(a) Name of Person Filing: Alibaba Group Holding Limited Taobao Holding Limited Taobao China Holding Limited The shares reported herein are directly held by Taobao China Holding Limited. Taobao China Holding Limited is a wholly-owned subsidiary of Taobao Holding Limited, which is a wholly-owned subsidiary of Alibaba Group Holding Limited. Accordingly, Taobao Holding Limited and Alibaba Group Holding Limited may be deemed to indirectly beneficially own the securities of the Issuer held by Taobao China Holding Limited. 2(b) Address of Principal Business Office or, if none, Residence: For each of the Reporting Persons: c/o Alibaba Group Services Limited, 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong. 2(c) Citizenship: Alibaba Group Holding Limited: Cayman Islands Taobao Holding Limited: Cayman Islands Taobao China Holding Limited: Hong Kong 2(d) Title of Class of Securities: Class A ordinary shares, par value $0.10 per share Page 5 of 8 2(e) CUSIP Number: G7006A109

For statements filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c)

Item 3 For statements filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c): Not applicable.

Ownership

Item 4 Ownership: 4(a) The information required by Item 4(a) is set forth in Row (9) of the cover page for each Reporting Person and is incorporated herein by reference. 4(b) Percent of class determined is based on 85,059,953 class A ordinary shares of the Issuer issued and outstanding as reported on the Issuer's press release dated December 28, 2023 and filed with the SEC as Exhibit (a)(5)(C) to the Issuer's Amendment No. 4 of the Schedule TO-I filed by Issuer on December 28, 2023. The information required by Item 4(b) is set forth in Row (11) on the cover page for each Reporting Person and is incorporated herein by reference. As of the date hereof, Taobao China Holding Limited directly owned 4,419,823 class A ordinary shares of the Issuer. Taobao China Holding Limited is a wholly-owned subsidiary of Taobao Holding Limited, which is a wholly-owned subsidiary of Alibaba Group Holding Limited. Accordingly, Alibaba Group Holding Limited may be deemed to beneficially own 4,419,823 class A ordinary shares of the Issuer, representing 5.2% of the Issuer's class A ordinary shares. 4(c) The information required by Item 4(c) is set forth in Rows (5)-(8) of the cover page for each Reporting Person and is incorporated herein by reference.

Ownership

Item 5 Ownership of Five Percent or Less of a Class: Not Applicable.

Ownership

Item 6 Ownership of More than Five Percent on Behalf of Another Person: Not Applicable. Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company: Not Applicable.

Identification

Item 8 Identification and Classification of Members of the Group: Not Applicable.

Notice

Item 9 Notice of Dissolution of Group: Not Applicable.

Certification: Not Applicable

Item 10 Certification: Not Applicable. Page 6 of 8 CUSIP No. G7006A109

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 29, 2024 ALIBABA GROUP HOLDING LIMITED By: /s/ Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Company Secretary TAOBAO HOLDING LIMITED By: /s/ Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Director TAOBAO CHINA HOLDING LIMITED By: /s/ Kevin Jinwei ZHANG Name: Kevin Jinwei ZHANG Title: Director Page 7 of 8 EXHIBIT INDEX Exhibit No. Description 1 Joint Filing Agreement Page 8 of 8

View Full Filing

View this SC 13G/A filing on SEC EDGAR