alibaba

Laffont: Cuts Tesla Stake, Doubles Down On Alibaba’s AI Push

November 22, 2025 7:28 am

Coatue’s Philippe Laffont trimmed his Tesla holdings while expanding his bet on Alibaba, signaling shifting confidence in global tech and artificial intelligence trends.

Billionaire investor Philippe Laffont is recalibrating his tech portfolio, cutting his exposure to Tesla while significantly increasing his commitment to one of China’s most influential technology companies. The latest quarterly disclosures from Coatue Management show a sharp shift in strategy as investors worldwide reassess the balance between electric vehicles and Artificial Intelligence (AI).

Laffont, who oversees roughly $41 billion at the New York–based hedge fund, reduced his Tesla position by 15% during the quarter ending in September …

Alibaba Shares Surge On Hong Kong Debut

November 27, 2019 2:48 pm

Chinese online retail giant Alibaba surged Tuesday as it drew back the curtain on a Hong Kong listing the firm described as a vote of confidence in the embattled city.

The long-delayed trading day got off to a glitzy start with chief executive officer Daniel Zhang joined on stage at a stock exchange ceremony by dignitaries including city Financial Secretary Paul Chan and former Hong Kong chief executive Tung Chee-hwa.

Soon after the gong was sounded, Asia’s most valuable company soared almost eight percent, a bright start after a blockbuster initial public offering that has raised at least $11 billion, …