Alibaba Group Holding Ltd. (NYSE:BABA) had a tough second quarter this year. Apart from missing revenue estimates, the company battled with a decelerated Chinese economy and numerous price target cuts on rising uncertainty. Additionally, a recent report suggests that a number of hedge funds sold their BABA shares in the same quarter.
Hedge Fund Sheds Almost Entire Alibaba Group Holding Ltd (BABA) Stake
Bidness etc. - 15 Aug 2015 15:03
Alibaba Group Holding Ltd. (NYSE:BABA) had a tough second quarter this year. Apart from missing revenue estimates, the company battled with a decelerated Chinese economy and numerous price target cuts on rising uncertainty. Additionally, a recent report suggests that a number of hedge funds sold their BABA shares in the same quarter.
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