In the third quarter, Oriental Harbor Investment Master Fund invested $39.5 million in Alibaba Group Holding. This new stake accounted for 3.1% of the fund’s U.S. equity assets as of September 30. Alibaba’s shares closed at $162.86 on Tuesday, up 51% in the past year, outperforming the S&P 500. The company offers digital retail platforms, cloud computing, and AI services, generating revenue from e-commerce and marketing.

Oriental Harbor Investment Master Fund’s new position in Alibaba diversifies its portfolio dominated by U.S. tech giants. Alibaba reported $34.6 billion in revenue for the quarter ending June 30, with strong growth in cloud services and AI-related products. Despite narrowing profit margins due to investments, Alibaba remains cash-rich and continues share buybacks. The new position reflects a strategic move towards Chinese tech exposure amid industry recovery.

Alibaba Group Holding is a leading global technology and e-commerce company with a diverse portfolio. The company operates digital retail platforms, cloud computing services, and logistics solutions, generating revenue through various channels. Alibaba’s strong ecosystem, innovation, and scale provide a competitive edge in domestic and international markets. The company remains focused on growth and profitability in a rapidly evolving tech landscape.

Read more at Nasdaq: Oriental Harbor Adds $39.5 Million Alibaba Stake After Strong Quarter and Surging AI Growth