Ali's $7.6 billion invested in nearly $170 billion
ON 27 JULY, N LONG-LANGUÉ LANDED ON THE GROUND AND THE HISTORY OF UNIT A WAS REWRITTEN. THE UNIT REPORTED $49.50, WITH A MAXIMUM OF $55.03 AND A MINIMUM OF $38.11. AS OF THE CLOSING DATE, THE STOCK PRICE HAD RISEN TO $49, AN INCREASE OF 465.82 PER CENT, OR 66.4 PER CENT. THE TOTAL OF $141,187 MILLION — THE FIRST SINGLE-DAY DEAL IN A'S HISTORY TO EXCEED A HUNDRED BILLION DOLLARS. ALI BABA WAS ONE OF THE WINNERS AT THIS CAPITAL FEAST. ACCORDING TO THE FOUNDING BOOK OF THE SCIENCE AND TECHNOLOGY DEPARTMENT, THE ALIBABA GROUP HOLDS NEARLY 5 PER CENT OF THE SHARES OF THE TECHNOLOGY THROUGH THE TWO MAIN BODIES, WITH A CUMULATIVE INVESTMENT OF APPROXIMATELY $7.6 BILLION. ON THE BASIS OF THE LATEST MARKET VALUE ON THE FIRST DAY OF THE MARKET, ALI ' S EQUITY COUNTERPART IS OVER RMB 170 BILLION, WITH A FLOATING SURPLUS OF RMB 160 BILLION AND A TOTAL GAIN OF MORE THAN 20 TIMES. (21 CE)
