Tencent-Against-Alibaba Bet Could Have Made 29% This Year
- Shorting Tencent, taking long position on Alibaba has paid off
- Performance gap between the two securities has widened
Photographer: Qilai Shen/Bloomberg
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Betting on the gulf in performance between shares of two Chinese internet giants has been a slam-dunk trade this year -- and it may have further to run.