Sanjiang Shopping (601116.SH): Alibaba Ze Tai plans to reduce its stake by no more than 3%.

Zhijing Finance and Economics APP News, Sanjiang Shopping (601116.SH) announced that the company recently received a "Notice on the Reduction of Shares Plan" issued by Ali Zetai. Due to Ali Zetai's own business arrangements, it plans to reduce its holdings in the company by no more than 16.43 million shares through centralized bidding and block trading, which is not more than 3% of the company's total share capital.