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
September 6, 2019
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 |
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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
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: September 6, 2019 |
By: |
/s/ Maggie Wei Wu |
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Name: |
Maggie Wei Wu |
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Title: |
Chief Financial Officer |
Alibaba Acquired E-Commerce Platform Kaola
Alibaba Group Holding Limited (Alibaba) has acquired Kaola, the e-commerce platform of NetEase, Inc. (NetEase) for an aggregate purchase price of approximately US$2 billion, comprising cash and approximately 14.3 million newly-issued Alibaba ordinary shares (equivalent to approximately 1.8 million American depositary shares) valued at approximately US$300 million.
Alibaba has also agreed to invest US$468 million in cash for a minority interest in NetEase Cloud Music, the music streaming service of NetEase. The completion of this transaction is subject to certain closing conditions. Yunfeng Capital will also make a smaller investment in NetEase Cloud Music.
September 6, 2019
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This announcement contains forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Among other things, statements that are not historical facts, including statements about the completion of transactions, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the possibility that various closing conditions for transactions may not be satisfied or waived. All information contained in this announcement is as of the date of this announcement and are based on assumptions that Alibaba believes to be reasonable as of this date. You should not rely upon these forward-looking statements as predictions of future events. Alibaba does not undertake any obligation to update any forward-looking statement, except as required under applicable law.