Alibaba opts out of Ant Group stock buyback

Alibaba will not participate in a planned share buyback of its fintech arm, Ant Group, according to a regulatory filing lodged with the Hong Kong Stock Exchange on Sunday. "Given that Ant Group continues to be an important strategic partner to Alibaba Group’s various businesses, Alibaba Group has decided that it will not sell …

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CCP feels that Ali and group are a threat, in terms of size, following and all. Hence the need to divest

https://www.alizila.com/alibaba-says-cloud-to-spin-off-freshippo-cainiao-to-pursue-ipos/