In July, 2007, Yamaha bought out the minority shareholding of the Kemble family in Yamaha-Kemble Music (UK) Ltd, Yamaha's UK import and musical instrument and professional audio equipment sales arm, the company being renamed Yamaha Music U.
Its initial investment of $34m for the shareholding has paid off spectacularly, helping Naspers become South Africa's biggest company by value and its chairman Koos Bekker to become a billionaire.
However, an Alibaba spokesman declined to comment on the fate of its shareholding on Tuesday.
Didi Kuaidi, formed in February by the merger of Didi Dache and Kuaidi Dache, is backed by Tencent and Alibaba, China's two largest internet companies, which have a combined shareholding of around 25 per cent.
Li's companies said the restructuring announced on Friday was aimed at removing the discount that investors have typically applied to their shares because of the tiered shareholding structure of the Li family's stake.
