Alibaba reduces its stake in Xpeng Motors, and the two parties will continue to cooperate

Alibaba recently sold 33 million shares of Xpeng Motors ADR. Xpeng Motors said that this was a decision made by Alibaba based on its own asset management goals and core business strategy adjustments, and it would not affect the subsequent cooperation between the two parties in various fields. Xpeng and Alibaba will continue to cooperate in R&D, marketing service systems and other aspects.