SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
June 25, 2015
Commission File Number: 001-36614
Alibaba Group Holding Limited
(Registrants name)
c/o Alibaba Group Services Limited
26/F Tower One, Times Square
1 Matheson Street
Causeway Bay
Hong Kong
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by Regulation S-T Rule 101(b)(7): o
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
EXHIBITS
Exhibit 99.1 Press Release Alibaba Group and Ant Financial Announce Local Services JV
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ALIBABA GROUP HOLDING LIMITED | |
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Date: June 25, 2015 |
By: |
/s/ Maggie Wei WU |
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Name: |
Maggie Wei WU |
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Title: |
Chief Financial Officer |
Exhibit 99.1
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For immediate release
Alibaba Group and Ant Financial Announce Local Services JV
New Company Koubei to Capture Offline Consumption Opportunities
HANGZHOU, CHINA, June 23, 2015 Alibaba Group Holding Limited (Alibaba) (NYSE: BABA), and Ant Financial Services Group (Ant Financial) announced today both parties will each invest RMB3 billion ($483.3 million) and resources to set up a joint venture aimed at capturing opportunities within Chinas local services market, with an initial focus on the food and beverage segment.
The joint venture, Koubei, will integrate the convenient aspects of mobile commerce and big data to transform and upgrade Chinas local services sector, offering consumers enhanced dining and shopping experiences. Alibabas food ordering and delivery business operating under the Taodiandian brand and Ant Financials offline merchant resources will become a core part of Koubeis operations.
Alibaba and Ant Financial will each have a 50 percent equity stake in Koubei. Samuel Fan from Ant Financials payment business unit will become Chief Executive Officer of the new venture.
The growth of mobile Internet in China has presented enormous opportunities for transformation within Chinas local services market. With Alibabas leadership in mobile commerce and cloud computing, as well as Ant Financials proven track record in mobile payment, consumer credit and micro loans, Koubei is well positioned to partner with local merchants looking to provide innovative services to consumers.
Consolidating our resources under Koubei allows us to capture opportunities that navigate both the offline and online markets. Harnessing the power of mobile commerce and data technology, Koubei will build synergies between offline consumption and internet-based offerings that will transform Chinas local services market, said Samuel Fan, CEO of Koubei.
At the start, Koubeis business will focus on offline consumption opportunities in the food and beverage segment and over time, Ant Financials merchant services in the areas of offline retail, healthcare and vending machines will be consolidated into the joint venture. Users will be able to easily access Koubei through Ant Financials Alipay Wallet app and Alibabas Mobile Taobao app.
As a platform company, Koubei will enable local merchants to access mobile payment solutions and launch local marketing and promotion campaigns to reach a wide user base. Koubei aims to build a local services ecosystem that will benefit consumers, merchants and third-party service providers.
About Alibaba Group
Alibaba Groups mission is to make it easy to do business anywhere. The company is the largest online and mobile commerce company in the world in terms of gross merchandise volume. Founded in 1999, the company provides the fundamental technology infrastructure and marketing reach to help businesses leverage the power of the Internet to establish an online presence and conduct commerce with hundreds of millions of consumers and other businesses.
Alibaba Groups major businesses include:
· Taobao Marketplace (www.taobao.com), Chinas largest online shopping destination
· Tmall.com (www.tmall.com), Chinas largest third-party platform for brands and retailers
· Juhuasuan (www.juhuasuan.com), Chinas most popular online group buying marketplace
· Alitrip (www.alitrip.com), a leading online travel booking platform
· AliExpress (www.aliexpress.com), a global online marketplace for consumers to buy directly from China
· Alibaba.com (www.alibaba.com), Chinas largest global online wholesale platform for small businesses
· 1688.com (www.1688.com), a leading online wholesale marketplace in China
· Alibaba Cloud Computing (www.aliyun.com), a provider of cloud computing services to businesses and entrepreneurs
About Ant Financial Services Group
Ant Financial Services Group is focused on serving small and micro enterprises as well as consumers. With the vision to turn trust into wealth, Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Alipay Wallet, Yue Bao, Zhao Cai Bao, Ant Micro Loan and Sesame Credit.
For more information:
Rachel Chan Alibaba Group +852 9400 0979 rachelchan@hk.alibaba-inc.com |
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Bob Christie +1 917 860 9410 |
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Miranda Shek Ant Financial +86 186 1668 6252 haymanmiranda.shm@alipay.com |