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Moomoo 24/7 ·  Mar 21 23:01

Bilibili falls as much as 8.4% after Alibaba sells at discount.

E-commerce giant has also trimmed stake in XPeng, GogoX.

Alibaba Group Holding Ltd. sold almost $360 million of stock in Chinese streaming platform Bilibili Inc. at a significant discount, the latest in a string of asset deals from an e-commerce pioneer seeking capital to invest in AI and rejuvenate the business.

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