Alibaba Group Holding Ltd. (HK:9988) has released an update.
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Alibaba Group Holding Ltd. has filed a Schedule 13G with the U.S. Securities and Exchange Commission, detailing its beneficial ownership in Perfect Corp. This move is part of compliance with U.S. regulations requiring disclosure of ownership stakes exceeding 5% in publicly traded companies. Investors should note Alibaba’s weighted voting rights structure, which may pose potential risks.
For further insights into HK:9988 stock, check out TipRanks’ Stock Analysis page.