Alibaba plans to sell Bilibili ADR, mainly based on its own capital management goals that do not affect business cooperation. There are reports that Alibaba will sell Bilibili ADR, with an expected price of $11.60 per ADR and a potential realization of $357.8 million. On March 22nd, Alibaba officials told reporters that the sale is mainly based on Alibaba's own capital management goals and will not affect the cooperation between the two parties in business. Alibaba's related businesses will continue to strengthen cooperation with Bilibili in various fields.