Alibaba cuts stake in SingPost via $33.3m deal

Alibaba’s interest in the company is now down to 11.34% from 14.56% previously.

Chinese e-commerce titan Alibaba reduced its stake in postal service provider Singapore Post through an off-market transaction with an undisclosed party.

In a disclosure Friday, SingPost said Alibaba sold that day 72.5 million shares in the company for a total of $33.3m, equivalent to $0.46 per share.

The move sees the tech giant’s shareholding in the Singaporean postal service provider declining from 14.56% to 11.34%. Despite this, Alibaba continues to be a substantial shareholder of SingPost.

In March, SingPost unveiled a five-pronged growth strategy to unlock shareholder value and boost growth over the next three years.

Follow the link s for more news on

Alibaba

SingPost

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia