Alibaba (China) Technology Co., Ltd. entered into an agreement to acquire a 6.04% stake in UTour Group Co., Ltd. (SZSE:002707) from Feng Bin and Guo Hongbin for approximately CNY 240 million on December 8, 2021. Alibaba (China) Technology Co., Ltd will be acquiring 54,773,723 shares for offer price of CNY 4.41 per share.