Shares of Alibaba declined following reports of a stake reduction by investor Burry.
Alibaba shares dropped after investor Michael Burry exited his stake in the company. The move coincided with a reported shift of Burry's focus toward JD.com.
Further details regarding the size of the stake or Burry's rationale were not immediately available.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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