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Ant Group Describes Appropriately Reducing Holdings in Secondary Mkt as Proactive Adjustment Based on Strategic Direction
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Ant Group has recently slashed its holdings in ORBBEC (688322.SH) and Youon (603776.SH), achieving a total investment return of over RMB775 million, Sina Tech reported. Meanwhile, Ant is ramping up its investments in the AI sector by taking a stake in several cutting-edge technology companies. A relevant official from Ant Group's investment department described the appropriate reduction of the group's holdings in the secondary market as a proactive adjustment based on strategic direction. In recent years, Ant Group's new investments have focused on cutting-edge technology and globalization, the official noted. In response to this strategy, reducing holdings in some long-held projects with better returns can enhance the efficiency of capital use, allowing for investments in newer and earlier-stage opportunities. AAStocks Financial News |
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