Beijing Time on February 13, China’s well-known private equity funds High Tall Capital and Jinglin Asset in the United States Securities and Exchange Commission (SEC) announced the end of 2020 U.S. stock holdings, as of the end of the fourth quarter last year, Poundland became the above two private equity funds the first large long position, Alibaba was liquidated or significantly reduced holdings.
The position data disclosed by High Tide Capital shows that in the fourth quarter of last year, High Tide Capital increased its holdings in a total of 9 companies and entered 19 new companies. Among them, Pindo was increased by 23,000 shares, and the number of shares held rose to 10.23 million, with a market value of $1.818 billion (about RMB 11.7 billion), making it the top long position (14.45% of position).
The position data disclosed by Kingwood Asset shows that in the fourth quarter of last year, Poundland was significantly increased by Kingwood Asset, with the number of shares held soaring from 3,288,400 at the end of the third quarter to 6,403,600, nearly doubling, with a market value of $1.138 billion (about RMB 7.3 billion), accounting for 26.13% of the total position.
While adding shares of the new e-commerce platform Jindo, High Tide Capital and Jinglin Assets either liquidated their positions or significantly reduced their holdings of Alibaba.
The position data disclosed by High Tide Capital shows that Alibaba has disappeared from High Tide Capital’s position at the end of the fourth quarter last year, while at the end of the third quarter last year, Alibaba was still the fourth largest long position of High Tide Capital with 4.04 million shares.
According to the position data disclosed by Kingwood Capital, the number of shares it held in Alibaba has shrunk from 1.223 million at the end of the third quarter last year to 380,000 at the end of the fourth quarter.
Alibaba’s share price fell 20.83 percent in the fourth quarter last year, Wind data showed.
Since the Ant Group IPO was abruptly called off in November 2020, Ma and his business empire have been in constant trouble. Not only has Ma himself disappeared from public view, but Alibaba has also been subject to an anti-monopoly investigation by Communist Party regulators, while Ant Group could be set up as a financial holding company, subject to tougher regulation, and its customer data business could be spun off.
On December 24, 2020, the website of the Communist Party of China’s State Administration of Market Supervision and Administration (AQMSA) released news that, based on a report, the AQMSA would recently open a case to investigate Alibaba Group Holdings Limited for alleged monopolistic practices such as implementing “two-for-one”.
On December 26, 2020, the CPC Central Bank, the CBRC, the SFC, the Foreign Exchange Bureau and other financial management authorities jointly interviewed Ant Group.
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