Hong Xu's sale covered barely a quarter of the position, and it landed right after 229,000 shares vested from restricted stock, the classic pattern of an executive funding taxes. The holding still sits above 400,000 shares, so read this as routine housekeeping on Alibaba's China e-commerce fight.
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Alibaba's AI buildout is now eating the income statement: free cash flow swung to negative RMB 44.67 billion. Cloud is the offset, with external revenue growth accelerating to 45%, and management says heavy spending stays.
BABA Coverage
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China E-Commerce Stocks Sink While Baidu Climbs 4%: Alibaba Falls 4%, PDD Holdings Declines 3%
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Alibaba’s $10 Billion Stock Sale Was Nearly 3 Times Oversubscribed. Should You Follow the Smart Money?
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Michael Burry Abandons Alibaba Over Broken Management Pledge
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Down 40% on AI Pressure, Michael Burry Says Alibaba Needs to Still Fall by Half
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This Chinese Tech Giant Quietly Cut Its Buyback 80% to Fund AI
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Attention Alibaba Shareholders: August 20th Could Be a Very Good Day For You
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Alibaba and NetEase both report earnings the same morning, forcing a direct choice between two very different China tech bets. Analyst sentiment, price targets, and crowd prediction markets all point in conflicting…
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Steve Eisman Just Highlighted a Major Risk for the AI Boom — And It Doesn’t Appear to Bode Well for Nvidia
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