Third Point waves goodbye to Alibaba, sells entire $1BN stake

“Billionaire Dan Loeb’s Third Point hedge fund exited a stake in Alibaba Group Holding Ltd. in the first quarter that was valued at $1 billion at the end of 2014. Third Point, which oversees about $17.4 billion, sold 10 million shares of China’s biggest e-commerce company, according to a regulatory filing Friday.” (VIEW LINK)

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