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E-House s open strategy to acquire an 85% stake in Tmall Haofang SHENZHEN, CHINA, May 14, 2021 - (ACN Newswire) - On April 28, E-House China Enterprise Holdings Co., Ltd. (2048.HK) announced it had acquired an 85% stake in Tmall Haofang, through an issue of 248 million new E-House shares to Alibaba (NYSE: BABA; 9988.HK). At HK$ 7.50 per share, it was the equivalent to an acquisition at HK$ 1.86 billion. At the same time, Alibaba, E-House founder and chairman Zhou Xin, and Alibaba s Yunfeng Fund invested HK$ 990 million, HK$ 1 billion and HK$ 500 million respectively at the price of HK$ 7.50 per share to subscribe to 132 million, 133 million and 66.67 million new shares of E-House. ....
SAMR will follow up with inspections and any companies it finds still using anti-competitive practices “will all be severely punished in accordance with the law.” Chinese journalist Zichen Wang, who writes an English-language blog that interprets Chinese policy, wrote that SAMR wants to stamp out the following activities: “Er xuan yi,” literally, “choose one out of two,” meaning punishing merchants from selling on rival platforms; Abuse dominant position in the market; Buying out leading but small entrants to a burgeoning market; Burning through cash to grab market share in community group buying; Discriminating against certain users based on big data; ....