Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com
ByA worker looks at a mobile device as he places a package onto a conveyer at a JD.com Inc. warehouse in Shanghai. Photographer: Tomohiro Ohsumi/Bloomberg
Hedge funds can’t get enough of JD.com Inc.
Tiger cubs including Lone Pine Capital, so-named because their founders worked for billionaire Julian Robertson’s Tiger Management, helped lead a rush into the Chinese online retailer’s American depositary shares in the first quarter. Hedge funds hold a record 44 percent, based on publicly disclosed holdings. That’s more than they own in any of the 217 other U.S.-listed companies valued at more than $25 billion…
Tiger Cubs Lead Hedge-Fund Stampede Into China’s Red-Hot JD.com