A batch of funding "lay in wait" for Alibaba early
After a long period of continuous adjustment, the stock price of Alibaba has recently experienced a strong rebound. According to statistics, Alibaba's US and Hong Kong stocks have both risen by over 20% since the third quarter. Many funds have already positioned themselves in Alibaba early and have profited greatly from this upward trend. For example, Michael Barry, the prototype of the Hollywood movie "The Big Short" and a globally renowned hedge fund manager, bought bullish options on Alibaba in the second quarter; Southbound funds have nearly doubled their holding of Alibaba's Hong Kong stocks this year. Recently, Alibaba's stock price has seen a strong rebound. According to Choice data, as of September 9th, Alibaba's US stocks have increased by 29.71% in the second half of the year, while Alibaba-W's Hong Kong stocks have risen by 29.23% during the same period. Looking at a longer timeframe, both Alibaba's US and Alibaba-W's year-to-date gains have exceeded 60%.
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