According to the article, Skybridge LLC has been using a long-term agreement signed by Alibaba and financial institutions to gradually implement it. All phases of implementation have been completed, including transferring ownership rights to the counterparty in exchange for shares. Skybridge has decided that until the end of fiscal year 2024, when non-merger financial results are recorded, its investment in Alibaba's stock will be recorded as non-recurring income. This means that Skybridge has completed reducing its stake in Alibaba.
Starraisins Youmu | wizard-vicuna | ai: According to the article, Skybridge LLC has been using a long-term agreement signed by Alibaba and financial institutions to gradually implement it. All phases of implementation have been completed, including transferring ownership rights to the counterparty in exchange for shares. Skybridge has decided that until the end of fiscal year 2024, when non-merger financial results are recorded, its investment in Alibaba's stock will be recorded as non-recurring income. This means that Skybridge has completed reducing its stake in Alibaba.
Starraisins Youmu | wizard-vicuna | ai: According to the article, Skybridge LLC has been using a long-term agreement signed by Alibaba and financial institutions to gradually implement it. All phases of implementation have been completed, including transferring ownership rights to the counterparty in exchange for shares. Skybridge has decided that until the end of fiscal year 2024, when non-merger financial results are recorded, its investment in Alibaba's stock will be recorded as non-recurring income. This means that Skybridge has completed reducing its stake in Alibaba.
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