Sou Hu Cai Jing·2025-11-26 19:32Core Viewpoint - Southbound funds have significantly increased their holdings in Alibaba Group, indicating growing investor confidence in the company [1][2]. Summary by Sections Southbound Fund Holdings - On November 26, southbound funds increased their holdings by 26.40 million shares of Alibaba-W (09988.HK) [1]. - Over the past five trading days, there have been five days of net increases, totaling 75.54 million shares [1]. - In the last 20 trading days, there were ten days of net increases, amounting to 51.25 million shares [1]. - As of now, southbound funds hold 2.157 billion shares of Alibaba-W, representing 11.29% of the company's total issued ordinary shares [1]. Daily Shareholding Changes - The total number of shares held by southbound funds on November 26 was 2.157 billion, with a change of 26.40 million shares, reflecting a 1.24% increase [2]. - The previous trading days showed the following changes: - November 25: 21.30 billion shares, +7.77 million (0.37%) [2] - November 24: 21.22 billion shares, +6.82 million (0.32%) [2] - November 21: 21.16 billion shares, +13.37 million (0.64%) [2] - November 20: 21.02 billion shares, +21.18 million (1.02%) [2]. Company Overview - Alibaba Group provides technology infrastructure and marketing platforms, operating through seven business segments [2]. - The segments include: - China Commerce: Retail businesses like Taobao, Tmall, and Hema, as well as wholesale operations [2]. - International Commerce: Retail and wholesale businesses such as Lazada and AliExpress [2]. - Local Services: Location-based services like Ele.me and Amap [2]. - Cainiao: Domestic and international logistics and supply chain management [2]. - Cloud Computing: Public and hybrid cloud services, including Alibaba Cloud and DingTalk [2]. - Digital Media and Entertainment: Platforms like Youku, Quark, and Alibaba Pictures [2]. - Innovation and Other: Includes initiatives like Damo Academy and Tmall Genie [2].