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Did Alibaba and Other Shareholders Pull Out of DeepRoute.ai? Shareholder Reveals: It’s to Facilitate the Company’s Red-Chip Structure Setup
1 week ago /
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Author：小编
Alibaba (China) Network Technology Co., Ltd., Fosun RZ Capital, and funds managed by Oriental Fortune Capital have all been removed from the shareholder list of DeepRoute.ai. In response to this development, a shareholder clarified that the withdrawal was prompted by the company’s ongoing efforts to establish a red-chip structure. DeepRoute.ai, a developer specializing in advanced driving assistance systems, explained that such adjustments are essential for the smooth operation of the company. Prior to this equity restructuring, Alibaba held a roughly 17% stake in DeepRoute.ai, making it the largest external institutional investor.
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