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BABA-W Reportedly Forms Joint Venture with CNNP
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BABA-W (09988.HK) and China National Nuclear Power (CNNP) have established a joint venture in power generation. According to data from Tianyancha, a company named CNNC (Xiangshan) Nuclear Energy Co., Ltd. (literal translation of "中核(象山)核能有限公司") was recently established, with Zhong Hua as its legal representative and a registered capital of RMB250 million. Shareholder information shows that this joint venture is held by companies including CNNC Zhejiang Energy Co., Ltd., a subsidiary of CNNP, and Shanghai Yiqi Network Technology Co., Ltd., a subsidiary of Alibaba. AAStocks Financial News |
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