Zelos Teams Up with Cainiao to Develop RoboVan Supercarrier and Initiate Dual Brand Operations
Strategic Partnership: Zelos Technology and Cainiao have announced a deep strategic integration in the autonomous vehicle sector, focusing on the RoboVan business.
Investment and Shareholding: Cainiao has invested in Zelos, becoming a shareholder to support the development of a RoboVan supercarrier.
Shift in Production Strategy: Following the partnership, Cainiao will cease direct production of autonomous vehicles and instead utilize its logistics ecosystem to enhance their application.
Brand Authorization: Zelos will operate under the "Cainiao Autonomous Vehicle" brand while retaining its identity as an ecosystem enterprise associated with BABA-W.
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BABA-W CFO: Significant Increase in Southbound Shareholdings Following Stock Connects Inclusion
Stock Performance: BABA-W (09988.HK) experienced a decline of 1.200 (-0.706%) with significant short selling amounting to $726.96M and a ratio of 7.181%.
CFO's Statement: CFO Toby Xu announced at the Asian Financial Forum that the Group completed its dual primary listing in Hong Kong by the end of August 2024.
Increased Shareholding: The Group's inclusion in the Southbound Trading of Stock Connects in September 2024 led to a rise in southbound shareholding, now approximately 11% of the Company's issued capital.
Market Strategy: Xu emphasized the importance of the Hong Kong market as a vital channel for fundraising and connecting with global investors.
MONTAGE TECH (06809.HK) Launches IPO Today, Aiming to Raise Over $7 Billion; Minimum Investment Set at $10,796.8; Alibaba Among Key Cornerstone Investors
IPO Launch: MONTAGE TECH (06809.HK) has initiated its IPO, offering 65.89 million H shares with a price cap of HKD106.89 per share, aiming to raise approximately HKD7.043 billion. The public offering will run until February 4, with shares expected to list on February 9.
Financial Performance: The company reported a revenue of RMB4.06 billion for the first nine months of the previous year, marking a 57.8% year-over-year increase, and a profit of RMB1.63 billion, up 66.9%.
Key Investors: Cornerstone investors have committed USD450 million in shares, including major firms like JPMIMI, UBS Asset Management, and others.
Customer Base: MONTAGE TECH's primary customers include major memory module manufacturers and cloud service providers, with notable clients such as Micron, Samsung, and SK Hynix.
