Micro Whale Technology, an intelligent TV manufacturer, has undergone industrial and commercial changes, and Ali withdrew its shares.

CTOnews.com January 12 news, smart TV manufacturer Weijing Technology Co., Ltd. recently occurred industrial and commercial changes, Alibaba (China) Network Technology Co., Ltd. withdrew from the ranks of shareholders, new shareholder Shanghai Microvision Technology Co., Ltd. Before the withdrawal, Alibaba contributed 630 million yuan and held 31.5% of the shares.

Microwhale Technology conducted Series A financing in August 2015, with Alibaba, Tencent Industry Fund and Chinese Cultural Industry Investment Fund as its investors, with an investment amount of RMB 2 billion yuan.

CTOnews.com understands that Microwhale Technology Co., Ltd. was established in April 2015, with legal representative Liu Jinrong and registered capital of RMB 2 billion. Its business scope includes R & D and sales of digital TV, LCD, flat panel display materials, optical engine for large-screen color projection display, light source and complete equipment, audio equipment, electronic equipment, etc. Its shareholders also include Chinese Culture Co., Ltd., Linzhi Tencent Technology Co., Ltd., etc.