Aozhi Technology has announced that Alibaba Network, a shareholder holding 12.4333% of the company's stock, plans to reduce its stake. The reduction will involve selling up to 12.549 million shares, not exceeding 3% of the total share capital, through block and concentrated bidding transactions within a three-month period following a 15-trading-day interval. This news was reported by 36Kr. AI
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RANK_REASON This is a shareholder reducing their stake in a company, which is a financial transaction but not a core AI development or release.