According to Shell Finance, on March 25, Xiaopeng Motor explained to Shell Finance reporters about Alibaba's sale of 33 million shares of Xiaopeng Motor's ADR. Xiaopeng Motor's official statement: This is mainly Alibaba's own strategic adjustment. Ali is comprehensively shrinking its non-e-commerce core related business. It is not just Xiaopeng alone, but also includes companies such as reducing holdings at Station B.

According to Shell Finance, on March 25, Xiaopeng Motor explained to Shell Finance reporters about Alibaba's sale of 33 million shares of Xiaopeng Motor's ADR. Xiaopeng Motor's official statement: This is mainly Alibaba's own strategic adjustment. Ali is comprehensively shrinking its non-e-commerce core related business. It is not just Xiaopeng alone, but also includes companies such as reducing holdings at Station B.