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in the past four months, tsai chongxin has increased his holdings in alibaba by approximately 1.45 million shares.

alibaba officially completed its dual primary listing in hong kong on august 28. recently, alibaba disclosed that as of august 28, alibaba co-founder and chairman joseph tsai held 276.75 million shares of the company, accounting for about 1.44%.

according to previous disclosures, as of may 20, tsai chongxin held 275.3 million shares of alibaba.

figure: data as of may 20

cai chongxin's other identity is the chairman of cainiao group. at the 2024 global smart logistics summit held on september 10, cai chongxin said that alibaba encourages and promotes cainiao to build a logistics network for the open market, serve the diversified customer needs while serving alibaba's e-commerce, and become a common infrastructure for global business partners.

the summit also revealed that according to the plan, cainiao plans to implement 1,000 digital projects around the world in the next three years.

cai chongxin believes that in order to seize the opportunities brought by the new globalization and the explosion of ai technology, it is not only necessary to establish cross-border e-commerce and logistics channels in the future, but also to adapt to the global industrial layout and build a global logistics network that serves the future industrial chain and supply chain. as a leading company in smart logistics, cainiao will make technology research and development and application innovations that are closer to the industry in the field of digital logistics.

he predicts that in the future, logistics scenarios will be deeply integrated with ai technology to improve the matching relationship between commodity supply and consumer demand, and enhance the experience and cost advantages of e-commerce logistics. as a leading company in smart logistics, cainiao will make technology research and development and application innovations that are closer to the industry in the field of digital logistics.

in response to the market's concerns about cainiao's development priorities, cainiao group ceo wan lin said: "cainiao will continue to expand its global logistics backbone network to serve both alibaba's e-commerce and the open market." it was revealed that cainiao will launch the construction of the world's second batch of ehubs to accelerate the integration of the global logistics network into the global and regional industrial chain layout.

in the first quarter of this year, cainiao withdrew its ipo application on the hong kong stock exchange in order to better strengthen its collaboration with alibaba's e-commerce business and continue to support cainiao in expanding its investment in its global logistics network.

recently, alibaba has been officially included in the hong kong stock connect. on september 9, the shanghai stock exchange and the shenzhen stock exchange issued an announcement to adjust the list of securities subject to the hong kong stock connect. alibaba was officially included in the hong kong stock connect, which will take effect from september 10, 2024. this means that southbound funds will be able to purchase alibaba through the hong kong stock connect.

on the first trading day (september 10) of alibaba's inclusion in the hong kong stock connect, the hong kong stock connect (including shanghai stock connect and shenzhen stock connect) had a total turnover of hk$18.177 billion, accounting for 50.52% of the hong kong stock connect's turnover on that day, with a net purchase amount of hk$8.393 billion. among the active stocks on the list, alibaba-w had a turnover of hk$8.636 billion, ranking first in terms of turnover.

according to alibaba's first quarter financial report for fiscal year 2025 released on august 15, in the quarter ending june 30, 2024, alibaba achieved revenue of 243.236 billion yuan, a year-on-year increase of 4%; adjusted ebitda (earnings before interest, taxes, depreciation and amortization) was 51.161 billion yuan, a year-on-year decrease of 2%; net profit was 24.022 billion yuan, a year-on-year decrease of 27%; net profit attributable to ordinary shareholders was 24.269 billion yuan, a year-on-year decrease of 29%.

in terms of business, in the first quarter of fiscal year 2025, alibaba's two core businesses, e-commerce and cloud, continued to make positive progress: taotian group's online gmv (gross merchandise volume) maintained steady growth; alibaba cloud focused on "public cloud + ai", with public cloud business revenue achieving double-digit growth, and ai-related product revenue achieving triple-digit growth; alibaba's international e-commerce business maintained strong growth, with revenue increasing by 32% year-on-year to 29.293 billion yuan, of which international retail business increased by 38%.

in the first quarter earnings analyst conference call for fiscal year 2025, alibaba group ceo wu yongming said: "we estimate that most businesses (other than e-commerce and cloud) will gradually break even within 1-2 years and gradually begin to contribute to scale profitability."