Type to search

China Bull Dalio Dumps Alibaba, Didi, JD.com Stakes – Nasdaq

Bridgewater Associates’ Alibaba stake was valued at $813 million at the end of the first quarter, Nasdaq.com said. The world’s largest hedge fund retains stakes in Baidu and Tencent Music.

Ray Dalio's Bridgewater has registered its distinctive investment strategy in China.
Ray Dalio, founder and co-chair of Bridgewater, has seen many rival funds copy his 'All Weather' strategy. He is seen speaking at the 2019 New Economy Forum in Beijing, November 21, 2019. File photo: Jason Lee, Reuters.


China bull Ray Dalio dumped Bridgewater Associates‘ stakes in China’s Alibaba, JD.com and Didi, Nasdaq.com reported.

Bridgewater’s Alibaba stake was valued at $813 million at the end of the previous quarter, according to the report. The world’s largest hedge fund also dumped 8.2 million Didi shares, 2.1 million shares of JD.com, 1.1 million Bilibili shares and 370,125 shares it owned in NetEase, the story said. It also trimmed a stake in Tencent Music Entertainment, but increased its holdings of Baidu in the second quarter, the report added.

Read the full report: Nasdaq.com


Read more:

China Copycats Prompt Ray Dalio to Register Local Trademarks

Alibaba Sale Shows SoftBank Cooling on China Tech

Softbank Slashes Alibaba Stake, Booking $34 Billion Gain

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.


AF China Bond