On May 22, Alibaba fell 3.34% in regular trading, trading at $127.53/share, with trading volume of approximately $326 million. The stock extended its multi-day decline as selling pressure intensified following the disclosure that renowned investor Duan Yongping has completely liquidated his Alibaba holdings.
According to the Q1 13F filing from Duan Yongping's H&H International Investment, the firm cleared its entire Alibaba position after three consecutive quarters of reduction. The fund simultaneously shifted capital toward NVIDIA (increased 91%), Pinduoduo (increased 71%), and newly established a $1.267 billion Tesla position. Duan cited inability to assess Alibaba's cash flow clarity amid its AI spending commitments and intensifying e-commerce competition as key reasons for exiting.
The selloff also coincides with a broader Chinese tech rout, with peers including NetEase, JD.com, and Baidu all declining sharply. Alibaba's massive AI infrastructure investment plan of at least 380 billion yuan over three years continues to pressure near-term margins, offsetting strong cloud revenue growth of 34% year-over-year.
Within the Broadline Retail sector, PDD Holdings down 4.02%, JD.com down 2.80%, Amazon.com up 0.43%, MercadoLibre up 0.48%, Sea Ltd up 0.75%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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