Sou Hu Cai Jing·2026-01-29 19:32Core Viewpoint - Southbound funds reduced their holdings in Alibaba-W (09988.HK) by 2.4157 million shares on January 29, indicating a fluctuation in investor sentiment towards the company [1] Group 1: Southbound Fund Activity - In the last five trading days, southbound funds increased their holdings on two occasions, with a total net increase of 2.5658 million shares [1] - Over the past 20 trading days, there were 14 days of net increases, totaling 26.8275 million shares [1] - Currently, southbound funds hold 2.227 billion shares of Alibaba-W, representing 11.65% of the company's total issued ordinary shares [1] Group 2: Company Overview - Alibaba Group Holding Limited provides technological 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, Gaode, 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]