Sou Hu Cai Jing·2025-11-05 19:36Core Viewpoint - Southbound funds have reduced their holdings in Alibaba-W (09988.HK) by 5.864 million shares on November 5, with a total net reduction of 17.5032 million shares over the past five trading days [1][2]. Summary by Relevant Sections Shareholding Changes - On November 5, total shares held were 2.088 billion, with a decrease of 5.864 million shares, representing a change of -0.28% [2]. - Over the last five trading days, the total shares held decreased from 2.094 billion to 2.088 billion, with a cumulative reduction of 17.5032 million shares [1][2]. - In the last 20 trading days, there were 12 days of reductions, totaling a net decrease of 9.0712 million shares [1]. Company Overview - Alibaba Group Holding Limited provides technology infrastructure and marketing platforms, operating across seven business segments [2]. - The Chinese commerce segment includes retail businesses such as Taobao, Tmall, and Hema, as well as wholesale operations [2]. - The international commerce segment encompasses international retail and wholesale businesses like Lazada and AliExpress [2]. - The local services segment includes location-based services such as Ele.me, Amap, and Fliggy [2]. - The Cainiao segment offers domestic and international logistics services and supply chain management solutions [2]. - The cloud segment provides public and hybrid cloud services to domestic and international enterprises, including Alibaba Cloud and DingTalk [2]. - The digital media and entertainment segment includes Youku, Quark, Alibaba Pictures, and other content and distribution platforms, as well as online gaming [2]. - The innovation and other segment comprises DAMO Academy, Tmall Genie, and other initiatives [2].