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    News: 2024.03.22

    Alibaba reduces its ADR holdings in Bilibili and cashes out RMB 2.8 billion

    According to reports, Alibaba recently reduced its ADR holdings in Bilibili and cashed out HK$2.8 billion. The deal attracted market attention and raised doubts about Alibaba's future.

    Transaction details

    According to Bloomberg, Alibaba sold Bilibili’s American depositary receipts and cashed out US$358 million, equivalent to approximately HK$2.791 billion. The deal raises questions about Alibaba's investment strategy and financial health.

    market reaction

    This transaction has had a certain impact on Bilibili’s stock price and also made investors worried about the company’s future development. However, some analysts believe that this may be a strategy adopted by Alibaba to adjust its asset allocation.

    Expert comments

    Some experts pointed out that Alibaba’s reduction in Bilibili’s ADR holdings may be to raise funds to deal with possible challenges that may arise in the future. They advise investors to remain vigilant and pay close attention to market trends.

    in conclusion

    In general, Alibaba's move to reduce its holdings of Bilibili's ADRs has attracted market attention and raised doubts about the company's future trends. Investors should remain vigilant and adjust their investment strategies in a timely manner to cope with possible risks.