Morning Brief: Hedge Fund Favorite JD.com Losing Investor Support

The Chinese e-commerce giant closed near its 2018 low after a fund manager gave a critical presentation on the company.

Stephen Taub May 31, 2018

Hedge fund favorite JD.com fell 2 percent, to close at $35.80, just above its 2018 low. At a conference in Hong Kong on Wednesday, Kok Hoi Wong, chief investment officer for APS Asset Management, called out the Chinese e-commerce giant for making “regrettable and silly

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