Understanding the Market | XPENG-W fell over 3% as Alibaba reduced its holdings by 3.08 million shares of XPeng in the first quarter
XPENG-W fell over 3%, as of the time of writing, down 3.52% to HKD 78.05, with a trading volume of HKD 601 million. On the news front, Alibaba's Q1 13F holding report shows that it reduced its holdings in XPeng by 3.08 million shares, a decrease of 8.13%. It is reported that Alibaba currently holds a total of 4 stocks. XPeng ranks first, with approximately 34.87 million shares held, with a market value of about USD 720 million, accounting for 82.4% of the portfolio. In addition, XPeng's official Weibo recently released official images of the new generation XPeng P7. The official statement said, "This is not a concept car; we have simply brought it from the future to reality."
According to the Zhitong Finance APP, XPeng-W (09868) fell over 3%, down 3.52% as of the time of writing, priced at HKD 78.05, with a transaction volume of HKD 601 million.
In terms of news, Alibaba's Q1 13F holding report shows that it reduced its holdings of XPeng by 3.08 million shares in Q1, a decrease of 8.13%. It is reported that Alibaba currently holds a total of 4 stocks, with XPeng ranking first, holding approximately 34.87 million shares, with a market value of about USD 720 million, accounting for 82.4% of the portfolio. In addition, XPeng's official Weibo recently released official images of its new generation XPeng P7. The official statement said, "This is not a concept car; we have simply brought it from the future to reality."
