"China’s largest e-commerce company, Alibaba Group Holding Ltd (NYSE: BABA), owns 23 percent of Baozun through the company’s investment unit Alibaba Investment Ltd. It is currently Baozun’s largest investor. After the offering, its stake will fall to 18.2 percent and its voting power will reduce to 10 percent." #subsidiaries #alibaba #chinese_companies #public_companies #$to_watch #pub