Druckenmiller Bets on China Tech as Former Boss Soros Buys Banks

His Duquesne Family Office adds Alibaba, exits Facebook
Soros Fund Management goes long on JPMorgan, other big banks

Stanley Druckenmiller
Photographer: Scott Eells/Bloomberg

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By Simone Foxman

May 15, 2018 at 10:01 PM UTC

This article is for subscribers only.

Billionaire investor Stanley Druckenmiller placed fresh bets on Chinese Internet companies including Alibaba Group Holding Ltd. and added to tech positions in the first quarter even as he sold out of Facebook Inc.

His Duquesne Family Office held an Alibaba stake worth $120.7 million at the end of the first quarter, according to a filing Tuesday. The firm also showed new holdings in Tal Education Group, a Beijing-based provider of tutoring services, and online retailer Vipshop Holdings Ltd., while adding to existing holdings of JD.com Inc. and Amazon.com Inc.