According to the Zhitong Finance APP, Alibaba-W (09988) announced that Zebra (Zebra Network Technology Co., Ltd.) is seeking an independent listing on the main board of the Hong Kong Stock Exchange. Zebra was previously a subsidiary of the company and will no longer be included in the group's consolidated financial statements starting from December 27, 2024. As Zebra was deconsolidated in the company's most recent complete financial year, the company has submitted a spin-off plan to the Hong Kong Stock Exchange in accordance with the note in paragraph 2 of Application Guidance No. 15, and the Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off.
As of the date of this announcement, the company holds approximately 44.72% of Zebra's shares, and Zebra is accounted for as an equity method investment by the company. It is now proposed that the spin-off will be conducted through a global offering of Zebra shares (including a public offering in Hong Kong and an international offering). After several proposed adjustments to Zebra's equity structure and the completion of the proposed spin-off, the company will continue to hold more than 30% of Zebra's shares, and Zebra will still be an equity method investment of the company

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Alibaba-W announced plans to spin off its subsidiary Zebra and independently list it on the main board of the Hong Kong Stock Exchange. Zebra will no longer be included in Alibaba's financial statements starting from December 27, 2024. The company has submitted the spin-off plan to the Hong Kong Stock Exchange and has received confirmation. Alibaba currently holds approximately 44.72% of Zebra's shares and will retain over 30% of the shares after the spin-off

- Alibaba-W (09988) announced that Zebra (Zebra Network Technology Co., Ltd.) is seeking an independent listing on the Hong Kong Stock Exchange.  
- Zebra was previously a subsidiary of Alibaba but will no longer be consolidated into the group starting December 27, 2024, prompting the submission of a spin-off plan to the exchange.  
- Alibaba currently holds approximately 44.72% of Zebra's shares, and post-spin-off, it will retain over 30% ownership, continuing to account for Zebra using the equity method.

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Alibaba-W plans to spin off Zebra and independently list on the main board of the Hong Kong Stock Exchange