Alibaba News! Jack Ma Family Trust plans to reduce its holdings of 10 million shares. Alibaba Cloud's spin off emergency "brakes" and Hema's IPO is temporarily suspended. The US SEC website has disclosed the Jack Ma Family Trust entity's plan to reduce its holdings - it plans to sell a total of 10 million Alibaba shares, worth approximately $870 million. Alibaba did not respond to the above information. Alibaba disclosed in its financial report that due to various uncertain factors, it will no longer promote the complete separation of Cloud Intelligence Group. At the same time, Alibaba will resolutely increase its continuous strategic investment in Alibaba Cloud, ensuring that Alibaba Cloud focuses on the development strategy of "AI+cloud computing" and creates a technologically leading cloud computing service in the AI era. In addition, the financial report disclosed that Hema's initial public offering plan is temporarily suspended and is evaluating the market conditions and other factors necessary to ensure the successful implementation of the project and enhance shareholder value; Cainiao applies for Hong Kong IPO and submits application documents; Alibaba International Digital Business Group is preparing for external financing.