According to CoinMeta, in its second-quarter 2026 investment letter, JB Global Capital indicated that Alibaba (NYSE : BABA) is its largest holding, which resulted in a 12.1% loss for the fund in Q2. Since its establishment on January 3, 2023, the fund has had a return of 109.7%, compared to a 94.4% return for the S&P 500 index. The letter mentioned that Alibaba's transformation in the fields of cloud computing, e-commerce, and artificial intelligence is ongoing. Alibaba's stock price closed at $132.28 on August 10, 2026, with a 13.70% increase in the past month and a 4.32% increase in the past 52 weeks. The company's market value is $306.21 billion.