Hedge Funds Ditch Alibaba for Rival JD.com

Updated on
  • Hedge Funds boosted ownership of JD.com while cutting Alibaba
  • JD.com is up 41% since IPO as Alibaba trades at listing price

Less than a year ago investors were scrambling to pick up shares in Alibaba Group Holding Ltd. when Asia’s largest e-commerce company made its record debut on the New York Stock Exchange. Now sentiment is changing as JD.com Inc., its smaller competitor, is becoming a hedge fund favorite.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.