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Alibaba Shrinks US Stock Portfolio by Over 60% in First Quarter, Unloading Bilibili and 23andMe

Retrieved on: 2024-05-14 22:09:40

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Summary

The article discusses Alibaba Group's strategic realignment of its U.S.-listed equity portfolio, including selling shares in Bilibili and 23andMe, and purchasing shares in Zhihu. This shift highlights Alibaba's focus on core areas like e-commerce and cloud computing.

Article found on: www.yicaiglobal.com

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