What is the capital contribution method of Ali's acquisition of Jixin Holdings?

The mode of capital contribution of stock right acquisition. According to the announcement issued by Alibaba and Gaoxin Retail, Taobao China, a subsidiary of Ali, invested about HK$ 28 billion (US$ 3.6 billion) to acquire 70.94% equity of Jixin Holdings Limited. Jixin Holdings Limited holds about 565,438+0% equity of Gaoxin Retail Limited. After the share purchase, Alibaba and its related parties will hold about 72% of the economic interests of Gaoxin Retail, and Alibaba will fully record Gaoxin in the financial statements.