What Five Alibaba Investors Are Doing With Their Plunging Shares

(Bloomberg) — China’s clampdown on internet and fintech giants has pummeled shares of Alibaba Group Holding Ltd., erasing $165 billion of market value and prompting some investors to reassess their holdings.After a 19% plunge from record highs at the end of October, including a nearly 10% drop on Wednesday in Hong Kong, here’s what five investors are doing with their positions in the crown jewel of Jack Ma’s business empire:Octahedron Capital ManagementThe San Francisco-based hedge fund increased its stake after shares tumbled earlier this month on the suspension of Ant Group Co.’s initial public offering. Alibaba owns a third of …read more

Source:: Yahoo Finance


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