Chinese e-commerce giant Alibaba Group Holding has been trimming its holdings in companies across the entertainment, semiconductor, and retail sectors this month, aiming to raise capital for investments in artificial intelligence and embodied intelligence.

Alibaba Entrepreneurs Fund and founder Jack Ma, acting in concert, reduced their stake in Huayi Brothers Media to below 5 percent from 6 percent by selling more than 29.5 million shares in the Chinese film studio via block trading, Huayi Brothers announced on Dec. 17.

In the semiconductor sector, Alibaba offloaded over 12.5 million shares of ASR Microelectronics through a combination of block trades and centralized bidding, lowering its stake to 12.4 percent from approximately 15.4 percent, the company said in a statement on Dec. 17. The shares were sold at 73.42 to 99.46 yuan (USD10.42 to USD14.12) each, raising nearly 1.1 billion yuan (USD150 million) in total.

In the retail segment, Alibaba-backed investment firms sold 41.6 million shares of Red Star Macalline Group through centralized bidding, reducing their total stake to 6.4 percent from 7.3 percent, the Chinese furniture retailer announced on Dec. 16. Two days later, Hong Kong Stock Exchange data indicated that Alibaba had further trimmed its stake in Red Star Macalline to 5.7 percent.