Alibaba significantly increases stake in Xpeng Motors

Alibaba's recent 13F filing with the U.S. Securities and Exchange Commission shows that as of September 30, Alibaba's holdings of Xpeng Motors ADS increased to 31.309 million shares. As of June 30, Alibaba held 6.65 million Xpeng Motors ADS, which means that Alibaba increased its holdings of nearly 24.66 million Xpeng Motors ADS in the third quarter.