Hedge funds want to divorce Alibaba.

Hedge funds want to divorce Alibaba.

Alibaba, once a fund darling, dumped by Point72, Hillhouse.

  • #Alibaba Group Holding Ltd, once the most valuable company in China, is turning from a global #hedge #fund favorite into something less desirable.
  • #Coinbase, the biggest U.S. #cryptocurrency exchange, moved a step closer to a listing on the #Nasdaq with a filing to go public, revealing that it had swung into profit last year as #Bitcoin surged.
  • #Stocks worldwide clawed back towards record highs on their third day of gains as the dollar dropped to a three-year low, after top #Fed and #ECB officials attempted to talk down rising bond yields.

The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.

Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.