Alibaba Group Holding Limited (NYSE: BABA) has taken a prominent position among the e-commerce stocks hedge funds prefer the most. The Chinese e-commerce giant and other players in the country’s online trade sector have seen their stocks appreciate in recent years despite the macroeconomic uncertainties facing China. Alibaba’s performance helped it rank third among the e-commerce stocks most preferred by hedge funds.
Hedge funds typically invest in Alibaba stock, as the technology and e-commerce business runs several virtual markets that serve small business owners…
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