George Soros' Fund Sells Majority Of Shares In China Tech Companies Alibaba, Baidu

Billionaire financier George Soros' fund sold the majority of its stake in Chinese Internet giants Alibaba Group Holding Ltd. and Baidu Inc. in the second quarter, according to regulatory findings cited by media reports. Soros Fund Management LLC sold 4.39 million Alibaba shares, leaving the fund with 59,320, and sold 358,650 shares in Baidu, leaving it with 42,800 as of March 31, the Wall Street Journal reported. The Soros fund, which now only invests for George Soros, controls over $30 billion...