Dan Loeb’s Third Point Builds Positions in Alibaba, JD.com
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Dan Loeb’s Third Point said it took advantage of jitters around China’s relationship with Hong Kong and the U.S. to build out its e-commerce exposure with new positions in Alibaba Group Holding Ltd. and JD.com Inc. during the second quarter.
Those holdings add to a long position the fund started building in Amazon.com Inc. in March.