阿里再度出手！拟减持！

Core Viewpoint - Alibaba's subsidiary, Hangzhou Alibaba Zetai Information Technology Co., plans to reduce its stake in Sanjiang Shopping by up to 16.43 million shares, representing no more than 3% of the company's total share capital [1][4]. Group 1: Shareholding and Reduction Plans - As of now, Alibaba Zetai holds 164 million shares of Sanjiang Shopping, accounting for 30% of the company's total share capital [4]. - Alibaba Zetai has been a shareholder of Sanjiang Shopping for 9 years, having acquired a 9.33% stake in 2016 [5]. - In April 2023, Alibaba Zetai announced a plan to reduce its stake by up to 3%, which was followed by a reduction of 5.47 million shares through both centralized bidding and block trading in August [6]. Group 2: Business Cooperation and Future Prospects - Sanjiang Shopping and Alibaba have signed multiple cooperation agreements, including a framework agreement in 2016 to leverage each other's supply chain advantages and e-commerce resources [5]. - The cooperation with Hema (a subsidiary of Alibaba) is set to expire on March 31, 2026, and will not be renewed according to a notice received from Hema [7]. - The revenue projections for Sanjiang Shopping's subsidiary managing Hema stores are 429 million yuan, 447 million yuan, and 550 million yuan for 2022, 2023, and 2024 respectively, with net profits increasing from 7.2 million yuan in 2022 to 18.33 million yuan in 2024 [8].