Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.
Three patterns show up across Alibaba Group Holding's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.
15 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.
OneTouch provides comprehensive export-related services for small businesses in China, including customs clearance, logistics, financing and foreign-currency services. Alibaba had first invested for a 65% interest in 2011; in May 2014 it acquired the remaining interests, taking OneTouch to a wholly owned subsidiary.
Total purchase price consisted of cash consideration of RMB790 million and contingent consideration with a fair value of RMB1,094 million; prior to the transaction the Company held 65% of OneTouch.Alibaba Group FY2015 Form 20-F — business combinations note
UCWeb is a developer of mobile web browsers in China. Alibaba already held about 66% before exchanging all remaining outstanding shares in June 2014 to take full ownership, in what was then one of the largest consolidations in the Chinese internet sector.
The total exchange consideration consisted of 12.3 million restricted shares and RSUs of the Company and approximately US$458 million (RMB2,826 million) in cash; the fair value of the restricted shares and RSUs approximated US$613 million as of the acquisition date.Alibaba Group FY2015 Form 20-F — business combinations note
ChinaVision Media Group, a Hong Kong-listed producer of movies and television programs, was acquired for an approximately 60% stake in June 2014 and rebranded Alibaba Pictures. The purchase price was HK$6,244 million (RMB4,955 million), or HK$0.50 per share.
The total purchase price consisted of cash consideration of HK$6,244 million (RMB4,955 million) which represented a price of HK$0.50 per share, for an approximately 60% equity interest.Alibaba Group FY2015 Form 20-F — business combinations note
AutoNavi (Amap) is a Nasdaq-listed provider of digital map content and navigation and location-based services in China. Alibaba had held about 28% since 2013; in July 2014 it acquired all remaining shares in a take-private, making AutoNavi a wholly owned subsidiary and delisting it from Nasdaq.
The rationale for this transaction is to enable the Company to expand its products and services... to develop and provide online-to-offline/offline-to-online commerce and location-based services to its mobile commerce user base.Alibaba Group FY2015 Form 20-F — business combinations note
Youku Tudou, one of China's largest online video platforms, was previously listed on the NYSE. In April 2016 Alibaba acquired all shares it and Yunfeng did not already own at US$27.60 per ADS, lifting its stake to about 98% and consolidating Youku as a subsidiary before delisting it.
In April 2016, the Company completed an acquisition of all of the issued and outstanding shares of Youku that the Company or Yunfeng did not previously own, at a purchase price of US$27.60 per American Depositary Share... The cash consideration of US$4,443 million (RMB28,724 million) was paid upon the closing.Alibaba Group FY2018 Form 20-F — business combinations note
Lazada operates a leading e-commerce platform across Southeast Asia with local sites and apps in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Alibaba acquired an approximately 54% interest in April 2016 for US$1,020 million, consolidating Lazada and marking its entry into Southeast Asian commerce.
Intime is a leading department-store operator in China, formerly listed in Hong Kong. Alibaba had built a stake from 2014; in May 2017 it and Intime's founder completed a privatization at HK$10.00 per share, taking Alibaba's holding to about 74% and consolidating Intime as it pursued its New Retail strategy.
The Company paid a cash consideration of HK$12,605 million (RMB11,131 million) in the privatization... the Company increased its shareholding in Intime to approximately 74% and Intime became a consolidated subsidiary.Alibaba Group FY2018 Form 20-F — business combinations note
Cainiao operates a logistics data platform that coordinates third-party partners to offer domestic and international one-stop logistics and supply-chain services. Alibaba held about 47% before subscribing to newly issued shares for US$803 million in October 2017, lifting its stake to about 51% and consolidating Cainiao as a subsidiary.
In October 2017, the Company completed the subscription for newly issued ordinary shares of Cainiao Network for a cash consideration of US$803 million (RMB5,322 million)... the Company's equity interest in Cainiao Network increased to approximately 51% and Cainiao Network became a consolidated subsidiary.Alibaba Group FY2019 Form 20-F — business combinations note
Kaiyuan is a leading department-store operator in northwestern China. Alibaba acquired a 100% equity interest in April 2018 for RMB3,362 million as part of its New Retail expansion into offline department stores.
Ele.me is a leading on-demand food-ordering and delivery platform in China. In May 2018 a joint investment vehicle (Alibaba with Ant Financial) acquired all outstanding shares it did not already own for US$5,482 million, and Ele.me became a consolidated subsidiary, forming the core of Alibaba's local-services business.
In May 2018, the joint investment vehicle completed the acquisition of all outstanding shares of Ele.me that it did not already own at a consideration of US$5,482 million (RMB34,923 million). Upon the completion of the acquisition, Ele.me became a consolidated subsidiary of the Company.Alibaba Group FY2019 Form 20-F — business combinations note
Daraz is a leading e-commerce platform in South Asia, operating primarily in Pakistan and Bangladesh. Alibaba acquired a 100% equity interest in May 2018 for US$194 million, extending its international commerce reach into South Asian markets.
In May 2018, we acquired a 100% equity interest in Daraz for a cash consideration of US$194 million. The investment reflects our continued focus on implementing our globalization strategy.Alibaba Group FY2019 Form 20-F — Information on the Company
Trendyol is a leading online fashion retailer in Turkey. Alibaba acquired an approximately 85% equity interest in July 2018 for US$728 million, with arrangements allowing the founders to adjust their holdings in the future. It became Alibaba's platform for the Turkish and broader regional market.
In July 2018, the Company acquired an approximately 85% equity interest in Trendyol for a cash consideration of US$728 million (RMB4,980 million).Alibaba Group FY2019 Form 20-F — business combinations note
Koubei is a leading restaurant and local-services guide platform for in-store consumption in China, originally a 2015 joint venture between Alibaba and Ant Financial. In December 2018 Alibaba combined Ele.me and Koubei under a new local-services holding company, paying US$465 million in cash; the accounting recognized total consideration of RMB39,834 million, most of it the fair value of previously held interests. US$465 million cash (RMB39.8 billion total consideration).
In December 2018, the Company completed the integration of Ele.me and Koubei under a newly established holding company and paid a cash consideration of US$465 million (RMB3,196 million).Alibaba Group FY2019 Form 20-F — business combinations note
Kaola is an import (cross-border) e-commerce platform in China, described as the largest such platform by GMV in the year to March 2020. In September 2019 Alibaba acquired a 100% interest from NetEase for an aggregate US$1,874 million, comprising cash and about 14.3 million newly issued Alibaba shares (worth US$316 million).
In September 2019, we acquired a 100% equity interest in Kaola from NetEase, Inc. for an aggregate purchase price of US$1,874 million, comprising cash and approximately 14.3 million of our newly issued ordinary shares... valued at US$316 million.Alibaba Group FY2020 Form 20-F — Information on the Company
Sun Art is a leading hypermarket operator in China, listed in Hong Kong. Alibaba held about 31% before acquiring additional interest in October 2020 for US$3.6 billion, raising its effective stake to about 67% and consolidating Sun Art. A December 2020 mandatory general offer added further shares for HK$4.9 billion.
In October 2020, the Company acquired additional effective equity interest in Sun Art for a cash consideration of US$3.6 billion (RMB24.1 billion). Upon the completion of the transaction, the Company's effective equity interest in Sun Art increased to approximately 67% and Sun Art became a consolidated subsidiary.Alibaba Group FY2021 Form 20-F — business combinations note