Several US hedge fund investors cut position in Chinese companies in Q2 amid weakening economic outlook, geopolitical tensions
DATA STOCKS
Several US hedge fund investors cut position in Chinese companies in Q2 amid weakening economic outlook, geopolitical tensions
DATA STOCKS

Several US hedge fund investors cut position in Chinese companies in Q2 amid weakening economic outlook, geopolitical tensions

 

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Tiger Global slashed its position in JD.com by about 12%, to $719.3 million from $1.1 billion, while also cutting its position of shares in Kanzhun, according to regulatory filings

Coatue Management LLC cut its positions in Alibaba, Baidu, JD.com, Kanzhun, KE Holdings, Li Auto and PDD Holdings, regulatory filings showed. The hedge fund slashed its position in Alibaba by roughly 90% from March to June, filings showed.

D1 Capital Partners dumped all its 1.7 million shares – or $176.8 million – in Alibaba, according to documents. Louis Bacon’s Moore Capital Management sold over $200 million in shares of Alibaba, exiting its position in the company.

Michael Burry’s Scion Asset Management sold small positions it had in both Alibaba and JD.com.