Ignorance to submit the prospectus: Ali, Ant Golden Clothes, 29.43% of the total shareholding

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On the evening of August 25, Sina Technologies News reported that it submitted its IPO prospectus on the Hong Kong Stock Exchange. According to the prospectus, in the first half of 2019, its revenue was 949 million yuan, an increase of 210.3% over the previous year. Its adjusted net profit was 32.7 million yuan, and its adjusted net loss was 136.9 million yuan in the same period of 2018. In addition, its revenue in 2016 and 201.9 billion yuan. Revenues in 7 years and 2018 were 67.8 million yuan, 313.2 billion yuan and 1,426.9 billion yuan respectively, with an annual compound growth rate of 358.8%.
According to the prospectus, Alibaba indirectly holds 14.33% of the shares in Blind Technologies through Taobao China, and Ant Golden Clothing indirectly holds 15.1% of Blind Technologies through its wholly-owned subsidiary API (Hong Kong) Investment Limited. The three founders of Ignorance Technology hold a total of 16.83% of the shares, of which Inge holds 8.21%, Tang Wenbin holds 5.9% and Yang Mu holds 2.72%. In addition, the main shareholders include AI Mind holds 5.57% and Machine Intelligence holds 6.19%.