Questions 29 and 30 are based on the following news. At the end of the news item, you will be given 10 seconds to answer the questions.
Now listen to the news. Which statement is NOT true about the combined entity
A．It will create the largest Internet company in China. B．It will be run by Alibaba CEO Jack Ma. C．It is valued at $4 billion. D．It will be one of the biggest Internet companies in China.