Uber takes a heavy stake, Wenyuan Zhixing repurchases 9.6 million shares.

Uber Technologies (UBER.US) submitted a 13G filing today, disclosing that it holds approximately 56,618,300 shares of Class A common stock of Weeplay. This represents approximately 5.82% of the company's total issued and outstanding Class A common stock. As a global leading ride-sharing platform, Uber continues to increase its stake, further demonstrating its high recognition of the company's technological leadership, global commercialization capabilities, and long-term strategic synergies. It also reaffirms the company's core leadership position in the global Robotaxi ecosystem. Additionally, the company disclosed on the Hong Kong Stock Exchange that it repurchased 9,607,700 shares of Class A common stock on March 30, with a total investment of approximately 189 million Hong Kong dollars. This buyback, funded with its own funds, reflects the management and board's strong confidence in the company's long-term intrinsic value, global business expansion prospects, and future growth potential. It also showcases the company's commitment to continually enhancing shareholder returns and optimizing capital allocation in the long term.