J.P. Morgan reduces its holding in Alibaba (09988.HK) by approximately 16.63 million shares at an average price of around HK$127.15 per share.

According to the Wise Finance APP, the latest data from the Hong Kong Stock Exchange shows that on June 3, JPMorgan Chase reduced its holdings of Alibaba (09988.HK) by 16,635,835 shares, with an average price per share of HK$127.1498, totaling approximately HK$2.115 billion. After the reduction, the latest number of shares held is approximately 1.336 billion, with a latest ownership percentage of 6.95%.