Baidu sells Alis stake to Ali: cash in US $488 million

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 Baidu sells Alis stake to Ali: cash in US $488 million


RedI net thunder in Jianping in May 10th Baidu has submitted a document to the US SEC. The document shows that Baidu has signed a formal agreement with the Alibaba to agree to transfer the hungry shares held by Baidu Hongkong to Alibaba, with a total amount of $488 million. In August 2017, the Baidu takeaway was sold for $500 million. Baidus packaging flow and entrance resources were hungry, priced at $300 million, and the total purchase price was $800 million. Of the 800 million US dollars, 200 million US dollars are cash, and the additional shares are 300 million US dollars. After the completion of the transaction, Baidu accounted for 5% of the hungry shares and the remaining 300 million US dollars for five years. In April 2018, Alibaba combined with ant gold clothing valued at $9 billion 500 million and completed a wholly-owned acquisition of hunger. In this calculation, Alibaba and ant gold clothing bought hungry before, Baidu holding hungry shares of 5.13%. Ownership structure of Baidu as of January 2018 (Lei Di net map) Baidu also submitted its 2017 annual report. The annual report showed that by January 31, 2018, Baidu founder and CEO Robin Li had a 16.1% stake, and 15.8% of the shares were owned by the HandsomeRewardLimited. BaillieGifford&Co (Scottishpartnership) is the second largest shareholder of Baidu, holding 6.6%. Ownership structure of Baidu as of January 2017 (Lei Di net map) Compared with Baidus 2016 annual report, Robin Lis shareholding has not changed, but Baidus ownership of management has increased slightly from 16.2% to 16.3%, and BaillieGifford&Co (Scottishpartnership) shares have declined slightly. By the end of January 2018, Baidu management and directors (Lei Di net) By the end of January 2018, Baidu core management includes Robin Li, vice chairman, group president, COO Lu Qi, CFO Yu Zhengjun, Baidu senior vice president Liu Hui, Baidu senior vice president Xiang Hailong, Baidu president, and new business leader Zhang Yaqin. By the end of January 2017, Baidu management and directors (Lei Di net) Compared with 2017, the biggest change in Baidus core management is that Baidus former CFO Li Xinzhes position was replaced by former micro-blog CFO Yu Zheng Jun, and the senior vice president of Baidu appeared in the core management of Baidu. Li Xinzhe once resigned Baidu CFO, once held Baidu capital CEO, but, in the near future, Baidu established a new fund ChangchengInvestmentPartners, the first fund of 500 million US dollars, Li Xinzhe focused on the responsibility. The source of this article: Lei Di touch net editor: Yao Liwei _NT6056 Compared with 2017, the biggest change in Baidus core management is that Baidus former CFO Li Xinzhes position was replaced by former micro-blog CFO Yu Zheng Jun, and the senior vice president of Baidu appeared in the core management of Baidu. Li Xinzhe once resigned Baidu CFO, once held Baidu capital CEO, but, in the near future, Baidu established a new fund ChangchengInvestmentPartners, the first fund of 500 million US dollars, Li Xinzhe focused on the responsibility.