Alibaba-W (09988)'s total market value of HK$149.591 billion shareholders deposited 1,501 billion shares in Citibank

The Zhitong Finance App learned that according to the latest data from the Hong Kong Stock Exchange, Alibaba-W (09988) changed positions on November 12, with a total market value of HK$149.591 billion, accounting for 7.47%. The company's shareholders deposited 1,501 billion shares in Citibank, increasing their shareholding ratio by 7.54%.

Alibaba has officially proposed listing Pingtou in Hong Kong, but the details of the release have yet to be finalized. Pingtou aims to increase the computing power contribution from 10% or more to 40%-50%, and is expected to ship about 700,000 GPUs in 2027. Damo gave a valuation range of 28 billion to 83 billion US dollars.

Bank of America Securities released a research report saying that Pingtou's spin-off listing will help unleash strategic and commercial value. The bank believes that limited independent disclosure, undetermined terms of the transaction, and fluctuations in peer valuations have brought significant uncertainty. It regards the submitted documents as a positive catalyst, but believes that evidence such as strong revenue growth, regulatory progress, and transaction terms is necessary before investors can give Pingtou meaningful independent value in Ali's segment valuation.