On July 22, BABA-W declined 3.08% in regular trading, trading at HK$113.5/share, with turnover of HK$9.933 billion.
On the news front, Q2 mutual fund reports were densely disclosed, revealing that several top-tier fund managers significantly reduced their BABA-W positions. Zhang Kun's E Fund Blue Chip Select slashed its BABA-W holdings by 75.40%, with remaining position value at only RMB 466 million. E Fund Quality Enterprise three-year holding period mixed fund also cut 510,000 shares, a reduction of 27.42%. Xie Zhiyu's Xingquan Heyi removed BABA-W entirely from its top ten holdings. Zhang Kun's flagship fund cut its overall stock position from 93.12% to 75% and nearly halved Hong Kong stock exposure from 46% to 25%, pivoting toward hardware technology names.
At the sector level, technology stocks declined broadly, with the Hang Seng Tech Index falling over 2%. Tencent dropped nearly 4%, NetEase fell over 4%, Meituan declined over 3%, and Xiaomi lost nearly 3%, reflecting widespread pressure across the internet sector.
(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.)
