Alibaba cooperates with traditional car companies

According to the latest news, less than half a month after the C-round financing of 500 million US dollars, Xpeng Motors received more than 300 million US dollars of financing led by Ali. The financing was led by Ali Group, and Qatar Sovereign Fund (QIA) participated in the investment. . In this regard, Alibaba said that smart electric vehicles are an important part of future digital life. Alibaba hopes to invest in Xpeng Motors and use its digital capabilities to help the development and upgrading of the smart electric vehicle industry.

It's hard not to think of Li's intensive capital flow in such a short time before listing. The latter completed the D round and Pre-IPO financing about one month before listing, and soon landed on Nasdaq.

Since the beginning of this year, Tesla's share price has never stopped rising, and its market value has surpassed Toyota to become the world's most valuable car company. Tesla's sustained profitability and soaring market value can also be seen as a signal that new energy vehicles beat traditional car companies for the first time and took the first place in the old and new era.

The reason why Alibaba is so eager to shoot is also closely related to the recent intensive layout of smart travel scenes by other Internet giants. Tencent chose Weilai Automobile and kept increasing the price. Meituan has always been a loyal fan of Li, and even pulled it at the last minute, sending the ideal to Nasdaq with real money. With the listing of Weilai and Ideality, giants such as Tencent and Meituan earned a lot of money behind them and took the lead in running the first echelon of the industry. How could Alibaba ignore and choose Xpeng Motors without hesitation?

This is not the first time Ali has invested in Xpeng. Ali participated in Series A and Series B financing of Xpeng Motors, but this is his first time as a lead investor. According to 36Kr, a source said that almost all of Tucki's $300 million financing was for Alibaba, and other investors only participated in a small part.