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Alibaba's Stake in Xpeng Reduced
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Alibaba reduces stake in Xpeng, a Chinese EV maker, to 9.2% from 12.5% due to wider-than-expected operating loss in Q3.
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How might Alibaba's reduced stake in Xpeng impact the future of the Chinese EV market?
What implications does this have for the broader investment landscape and stakeholder relationships in the EV industry?
What strategies could Xpeng employ to address its wider-than-expected operating loss?
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