A direct manual trade of 490,000 shares of BABA-W (09988) was registered at 11:06a.m.
The deal amounted to HK$39.51m, or at HK$80.625 per share, 2.8% lower than previous close.
BABA-W is now trading down 2.41% to HK$80.95, with 74.8 million shares of HK$6.03b changing hands.