Alibaba took action again. Longtu Information, a company on the New Third Board, announced on the evening of February 8 that the company plans to issue 1.7581 million shares to its registered shareholder Alibaba Venture Capital, raising 40 million yuan, with an issue price of 22.75 yuan per share.
This is the third time Alibaba Venture Capital has invested in this New Third Board company. In January 2017, Longtu Information received an investment of 30 million yuan from Alibaba Venture Capital; in October of the same year, it received another investment of 30 million yuan from Alibaba Venture Capital.

The financing plan for this private placement should be tailor-made for Alibaba Venture Capital. Longtu Information stated that both the company and the investors intend to further cooperate at the capital level. After communication and determination by both parties, this stock issuance needs to meet the conditions of fully reflecting the company's value, the total investment of investors is 100 million yuan, and the investors hold 40% of the company's shares after investment.
Judging from the performance alone, Longtu Information's income statement is not very good. In the first half of 2017, the company achieved operating income of 9.0682 million yuan, a year-on-year decrease of 21.52%; net profit loss was 15.8471 million yuan, while in 2016, the company lost 15.3347 million yuan.
However, researchers said that Longtu Information has business similarities with Alibaba's Yidatong platform. According to public information, Longtu Information's main business is to provide comprehensive services such as information construction, risk prevention and control, and the Internet related to export tax rebate business. Yidatong is the first-ranked comprehensive foreign trade service platform in China's import and export volume, providing small and medium-sized enterprises with professional and low-cost customs clearance, foreign exchange, tax refunds and supporting logistics and financial services.
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