Ray Dalio''s Bridgewater Drops Alibaba, JD.com But Bulks Up On This Chinese Tech Stock
Bridgewater Associates , billionaire investor Ray Dalio ''s hedge fund, has wiped its portfolio clean of almost all Chinese stocks. What Happened: Bridgewater, which Dalio founded in 1975, sold all 7.48 million shares Alibaba Group Holding Limited (NYSE: BABA ) it held at the end of the second quarter, 13F filings by the firm showed. Bridgewater also liquidated its entire holdings in Bilibili Inc. (NASDAQ: BILI ), NetEase, Inc. (NASDAQ: NTES ), JD.com Inc. (NASDAQ: JD.com) and troubled … Full story available on Benzinga.com
Ray Dalio''s Bridgewater Drops Alibaba, JD.com But Bulks Up On This Chinese Tech Stock
Bridgewater Associates , billionaire investor Ray Dalio ''s hedge fund, has wiped its portfolio clean of almost all Chinese stocks. What Happened: Bridgewater, which Dalio founded in 1975, sold all 7.48 million shares Alibaba Group Holding Limited (NYSE: BABA ) it held at the end of the second quarter, 13F filings by the firm showed. Bridgewater also liquidated its entire holdings in Bilibili Inc. (NASDAQ: BILI ), NetEase, Inc. (NASDAQ: NTES ), JD.com Inc. (NASDAQ: JD.com) and troubled … Full story available on Benzinga.com