John Paulson Obviously Thinks President Trump Is All About That Trade With China Life
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In just a few months, John Paulson will presumably be in Beijing, telling Xi Jinping & co. just how things are going to be in Trumpworld, trans-Pacific trade-wise. All of the bellicose talk on both sides notwithstanding, he must be pretty sanguine about how it’ll go, because he just dumped a whole bunch of money into China’s version of (and soon to be owner of China’s actual) Uber.
John Paulson, who made $15 billion betting against the housing market before the financial crisis, told his investors on Wednesday that at least one of his portfolios had taken an investment stake in Didi Chuxing, a privately owned Chinese company, said people briefed on the matter who were not authorized to speak publicly.
The investment, by Mr. Paulson’s Advantage funds, is roughly 7 percent of the assets of those portfolios, he told investors, these people said…
John Paulson Obviously Thinks President Trump Is All About That Trade With China Life
