Sanjiang Shopping announced that shareholder Hangzhou Alibaba ZeTai Information Technology, holding over 5% of shares, reduced its stake by a total of 10.9536 million shares through centralized bidding and block trades between April 29 and July 15, representing 2% of the company's total share capital. The total cash-out amount was nearly 120 million yuan, and this reduction plan has been fully executed. Alizeitai currently holds 137 million shares, with its stake dropping from 27% before the reduction to 25%. Since 2025, Sanjiang Shopping has been repeatedly reduced by Alizeitai, and last year the company did not renew its cooperation agreement with Alibaba's Freshhema upon expiry. In the secondary market, as of the midday break on July 17, Sanjiang Shopping fell 3.71% to 9.85 yuan per share, with a year-to-date decline of nearly 26%.
Sanjiang Shopping Club Co LtdAlibaba affiliate Alizeitai reduced stake by 2%, cashing out nearly 120 million yuan, and has repeatedly reduced holdings since 2025.