Movement Alert｜Alibaba Declines 3.16% Overnight, Michael Burry Exits Position as Major Shareholders and Institutions Continue Selling

Market Focus10:47

On June 26, Alibaba fell 3.16% overnight, trading at $92.13 per share, with turnover of $19.92 million. The stock extended its losing streak after its US-listed shares closed down over 4% in the prior session.

On the news front, prominent investor Michael Burry publicly disclosed that he has sold his Alibaba position and rotated into JD.com. Meanwhile, SoftBank recently announced plans to divest the majority of its Alibaba holdings, and JPMorgan reduced its long position ratio from 7.17% to 7.11%, sending clear institutional selling signals. Additionally, US AI company Anthropic accused Alibaba of conducting what it termed the largest-ever model distillation attack, alleging that operators linked to Alibaba and its Qwen AI lab used approximately 25,000 fraudulent accounts to conduct 28.8 million interactions with its Claude model between April 22 and June 5. The combination of major shareholder liquidation, institutional de-risking, and escalating geopolitical and reputational headwinds has continued to weigh heavily on sentiment. Alibaba's Hong Kong-listed shares previously hit a new annual low, with market capitalization falling below HKD 2 trillion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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