Alibaba raises US$317 million from sale of stake in EV maker XPeng
this is not the first time alibaba has done it. I'm not worried. Be patience and stay happy ![]()
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102877280 : Realign it's business strategy to focus on their core business is a positive move...hope they got it right this time. CORE
Mr Careful : there will be at least 1 more round of Alibaba selling of xpeng shares. it is obvious that Alibaba wanted to clear out all of xpeng shares. maybe u want to allocate some cash to buy when the time comes
Cui Nyonya Kueh OP Mr Careful : Many thanks for your valuable sharing![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
MrM : Alibaba is focusing on their core businesses hence getting out of their EV investment. Xpeng should benefit from Mona model probably in Q3 and Didi strong ride hailing driver base of 12 millions should help with the sales.
FIRE Keith : Alibaba will only focus on its core business and slowly unload non core business after management reshuffle. $Alibaba (BABA.US)$