Sou Hu Cai Jing·2026-01-08 19:29Core Viewpoint - Southbound funds increased their holdings in Alibaba-W (09988.HK) by 10.67 million shares on January 8, indicating a positive sentiment towards the company [1] Group 1: Southbound Fund Activity - In the last five trading days, southbound funds have increased their holdings on three occasions, with a total net increase of 9.93 million shares [1] - Over the past 20 trading days, there were 10 days of net reduction in holdings, totaling 13.28 million shares [1] - Currently, southbound funds hold 2.21 billion shares of Alibaba-W, representing 11.57% of the company's total issued ordinary shares [1] Group 2: Company Overview - Alibaba Group Holding Limited provides technology infrastructure and marketing platforms, operating through seven business segments [1] - The China Commerce segment includes retail businesses such as Taobao, Tmall, and Hema, as well as wholesale operations [1] - The International Commerce segment encompasses international retail and wholesale businesses like Lazada and AliExpress [1] - The Local Consumer Services segment includes location-based services such as Ele.me, Amap, and Fliggy [1] - The Cainiao segment offers domestic and international logistics services and supply chain management solutions [1] - The Cloud segment provides public and hybrid cloud services to domestic and international enterprises, including Alibaba Cloud and DingTalk [1] - The Digital Media and Entertainment segment includes Youku, Quark, Alibaba Pictures, and other content and distribution platforms, as well as online gaming [1] - The Innovation Initiatives and Others segment comprises DAMO Academy, Tmall Genie, and other businesses [1]