BABA Sells 2.2M CLOUD MUSIC Shares Off-Market
BABA offloaded 2.2 million shares of $CLOUD MUSIC(09899.HK$ off-market on April 17th.
The average selling price was approximately $87.13 per share, totaling around $191.7 million.
Following the transaction, BABA's stake in CLOUD MUSIC decreased from 9.35% to 8.32%.
The average selling price was approximately $87.13 per share, totaling around $191.7 million.
Following the transaction, BABA's stake in CLOUD MUSIC decreased from 9.35% to 8.32%.
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SFRE Keith : Alibaba is divesting non-core assets and realigning its strategic focus to enhance operational efficiency and reinforce its core competencies.
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