Duan Yongping’s Fund cuts Nvidia, Google; adds Alibaba

The notable signal here is the rotation away from the AI-hardware and platform names that have driven recent positioning, toward China consumer exposure and Berkshire's diversified cash-generative model. Duan's new Alibaba stake, alongside an existing PDD position, suggests a deliberate tilt toward Chinese e-commerce rather than a broad emerging-market call. Whether other large funds follow this rotation out of Nvidia, Google, and Microsoft, and how Alibaba's stake is built on, is the open question.