An electronic screen showing the prices of major Chinese tech stocks in Hong Kong in March 2022. Photo: Bloomberg
An electronic screen showing the prices of major Chinese tech stocks in Hong Kong in March 2022. Photo: Bloomberg

US fund manager piles US$1.2 billion into Alibaba, JD.com, Chinese tech peers in 12 months waiting for policy, valuation payoff

  • San Francisco-based fund accumulated US$1.26 billion worth of stocks including Alibaba, JD.com and Baidu over the past four quarters, 13F filings show
  • Like Singapore’s Temasek, money manager is banking on policy support, cheap valuations in decision to load up securities

An electronic screen showing the prices of major Chinese tech stocks in Hong Kong in March 2022. Photo: Bloomberg
An electronic screen showing the prices of major Chinese tech stocks in Hong Kong in March 2022. Photo: Bloomberg
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