No,

The prospectus shows that Liang Changlin and the company's management team hold 30.3% of the shares, Internet Fund V Pte. Ltd. holds 5.7%, General Atlantic and SVF II Cortex Subco each hold 5.6%, CMC Entities holds 5.3%, and CTG Evergreen and DST Asia each hold 5.1%. In addition, Dingdong Maicai's investors also include Capital Today, Sequoia Capital, BAI Capital, Hony Capital, and Gaogu Capital. After sorting out, it was found that Alibaba did not appear in the list of Dingdong Maicai's shareholders.