<div id="readability-page-1"><p>On July 11, Myriad Asset Management US LP disclosed a $15.4 million sale of <strong>Alibaba Group </strong><span>(BABA<span> 2.65%</span>)</span> shares in its Q2 2025 filing.</p><h2 id="what-happened">What happened</h2><p>According to a July 10 SEC filing, Myriad Asset Management US LP reduced its position in Alibaba by 129,848 shares during Q2 2025. The transaction totaled $15,401,787. Following the sale, the remaining stake is 28,688 shares, valued at $3.25 million as of July 10.</p><h2 id="what-else-to-know">What else to know</h2><p>The fund’s Alibaba position declined sharply, now representing 2.16% of 13F assets as of Q2 2025 after the sale. </p><p>Top holdings after the filing:</p><p>EMXC: $79.53 million (52.7% of AUM) as of June 30, 2025</p><p>IEMG: $57,921,026 (38.4% of AUM) as of June 30, 2025</p><p>VEU: $38.86 million (25.7% of AUM) as of June 30, 2025</p><p>TSM: $12,922,614 (8.6% of AUM) as of June 30, 2025</p><p>MELI: $8,525,662 (5.6% of AUM) as of June 30, 2025</p><p>Alibaba stock closed at $113.41 at the end of Q2 (June 30, 2025), up 57.5% over the past year and outperforming the S&amp;P 500 by 43.8 percentage points.</p><p>Shares were about 28% below their 52-week high as of July 10, 2025.</p><h2 id="company-overview">Company overview</h2><div><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Market capitalization (July 10)</td><td>$254.42 billion</td></tr><tr><td>Revenue (TTM)</td><td>996.35 billion Chinese yuan ($137.3 billion)</td></tr><tr><td>Net income (TTM)</td><td>130.11 billion Chinese yuan ($17.4 billion)</td></tr><tr><td>Dividend yield</td><td>1.69%</td></tr></tbody></table></div><h2 id="company-snapshot">Company snapshot</h2><ul><li>Offers digital retail platforms (Taobao, Tmall), wholesale marketplaces (1688.com, Alibaba.com), cloud computing, logistics, digital media, and local consumer services.</li><li>Generates revenue primarily through e-commerce transactions, advertising, cloud services, and logistics solutions, leveraging a multi-segment platform model.</li><li>Targets merchants, brands, retailers, and consumers in China and international markets seeking technology infrastructure and online commerce solutions.</li></ul><p>Alibaba is a leading technology conglomerate with diversified operations spanning e-commerce, cloud computing, logistics, and digital media. The company leverages its large-scale platforms and proprietary technologies to drive growth across multiple business segments.</p><h2 id="foolish-take">Foolish take</h2><p>Alibaba stock plunged in 2021 and traded in a tight range over the next couple of years or so amid regulatory crackdowns and macro concerns in China. </p><p>A rebound in the Chinese e-commerce giant's core retail business however, coupled with rapid growth in cloud services and artificial intelligence (AI), proved to be the inflection point that has sent Alibaba shares soaring over the past one year or so. </p><p>During the year ended March 31, 2025, Alibaba's revenue grew 6% to $137.3 billion (996.3 billion Chinese yuan). While revenue from Taobao and Tmall Group grew 3.4% over fiscal 2024 driven by its Chinese retail business, Alibaba's cloud intelligence group clocked 11% growth in revenue for the year. </p><p>Notably, AI-related product revenue grew by triple digits year over year for seven straight quarters. Not surprisingly, Alibaba's growth plans revolve largely around AI -- it plans to invest at least $53 billion (380 billion Chinese yuan) in cloud computing and AI infrastructure over the next three years. That exceeds its total AI and cloud spending over the past decade. </p><p>Alibaba also announced a special dividend over and above a regular dividend last fiscal year and continues to repurchase shares. With the company &#34;embarking on a new chapter in the AI era&#34; in management's own words, the stock could have more upside than downside. However, investors may want to keep geopolitical, regional, and regulatory risks in mind since Alibaba is a Chinese company. </p><h2 id="glossary">Glossary</h2><p><strong>13F assets under management (AUM): </strong>The total value of securities reported by institutional investment managers in quarterly SEC Form 13F filings.<br/><strong>Position: </strong>The amount of a particular security or asset held by an investor or fund.<br/><strong>Stake: </strong>The ownership interest or share an investor holds in a company.<br/><strong>Outperforming: </strong>Achieving better returns than a specific benchmark or index over a given period.<br/><strong>52-week high: </strong>The highest trading price of a security during the previous 52 weeks.<br/><strong>Dividend yield: </strong>Annual dividends paid by a company divided by its share price, expressed as a percentage.<br/><strong>Cloud computing: </strong>Delivery of computing services—such as storage, processing, and software—over the internet instead of local servers.<br/><strong>Logistics: </strong>The management of the flow of goods, information, and resources from origin to consumption.<br/><strong>Digital media: </strong>Content or services delivered electronically, including video, music, news, and advertising.<br/><strong>Multi-segment platform model: </strong>A business structure offering multiple services or products across different markets or customer groups.<br/><strong>Proprietary technologies: </strong>Unique technologies owned and controlled by a company, often protected by patents or trade secrets.<br/><strong>Transaction: </strong>The act of buying or selling securities or assets in financial markets.<br/></p>                                                                            </div>

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<p>Myriad Asset Management US LP sold 129,848 shares of Alibaba Group (BABA) for $15.4 million in Q2 2025, reducing its stake to 28,688 shares valued at $3.25 million. This sale represents 2.16% of the fund's 13F assets. Alibaba's stock closed at $113.41 at the end of Q2, up 57.5% over the past year. The company plans to invest $53 billion in AI and cloud infrastructure over the next three years, aiming for growth despite geopolitical and regulatory risks.</p>

- Myriad Asset Management US LP reported a $15.4 million sale of Alibaba Group shares, reducing its position by 129,848 shares in Q2 2025.  
- Following the sale, Myriad holds 28,688 shares valued at $3.25 million, with Alibaba now representing 2.16% of its 13F assets.  
- Alibaba's stock has increased by 57.5% over the past year, driven by growth in its core retail and cloud services, while the company plans to invest $53 billion in AI and cloud infrastructure.

Myriad Dumps 129,848 Alibaba (BABA) Shares in Q2