Alibaba'S $135 Million Move Again: Who Will Cooperate With Us This Time?

The group (NYSE:BABA) submitted its documents to the securities and Exchange Commission (SEC), disclosing

A total of 3 million micro-blog shares held by the relevant top management team accounted for 1.4% of micro-blog's total share capital, and the total paction price was $135 million.

After the completion of this paction, Ali owns micro-blog.

From 30.1% to 31.5%, the voting rights will increase from 14.5% to 15.2%.

Ali bought some micro-blog shares sold by the other company executives, showing Ali's sustained support and optimism for Sina and micro-blog management team.

Ali's continued increase of micro-blog will bring positive signals to both the market and the employees of both sides, and the cooperation between the two sides is expected to be even closer.

In August 31st, Sina (NASDAQ:SINA) issued a notice that its board of directors had authorized Sina to allocate some of its micro-blog (NASDAQ:WB) shares to Sina shareholders, and Sina allocated 1 shares of shares to each shareholder holding 10 shares.

After the paction, Sina's stake in micro-blog will be reduced from 54% to 51%, and the voting rights will be reduced from 78% to 75%.

Driven by growth, micro-blog shares surged in the past month, closing at US $49.22 in September 8th, an increase of more than 44%.

Sina's share price also increased by 34% over the same period.

In April 29, 2013, Alibaba Group subsidiary Alibaba (China) signed a strategic cooperation agreement with sina micro-blog. The former purchased Sina's preferred stock and common stock with us $586 million, accounting for about 18% of the total diluted shares of micro-blog company.

In addition, Sina granted an option to Alibaba, allowing Alibaba to increase its share of micro-blog's full diluted share to 30% in the future in a predetermined pricing way.

In April 17, 2014, micro-blog listed on NASDAQ.

According to the agreement, Ali raised its share of micro-blog diluted to 30% after 449 million yuan.

According to micro-blog's latest stock price, Ali's investment in micro-blog has recorded three times earnings.