Alibaba Group Holding Ltd. raised $317 million from the sale of about 33 million of US-traded shares of XPeng Inc. , a person familiar with the matter said.
Jacob Gu is a journalist who writes for various publications including Yahoo Finance, BQ Prime, BNN Bloomberg, The Japan Times, and Bloomberg News. His work has also been featured in a wide range of publications such as TIME, Fortune, and The Australian Financial Review. Jacob covers topics related to finance, business, and global economic news.