JPMorgan Chase doubled its shareholding in Alibaba after its previous 12 fold increase in JD.com
JPMorgan Funds- China Fund A (acc) – USD at the end of May this year, the top ten heavy positions were Tencent, Meituan, JD, NetEase, China Merchants Bank, Alibaba, China Ping An, China Overseas Land & Investment, Wuxi Biologics and China Resources Mixc Lifestyle Services, accounting for 41% of the total positions.
The fund increased its position in JD.com by 16.08%. Alibaba was directly bought with heavy money and promoted to the sixth largest heavy position stock of the fund. The company increased its position by 100%, and the market value of the position reached US $161million at the end of May.
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $Tencent(TCEHY.US$ $TENCENT(00700.HK$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $NetEase(NTES.US$ $NTES-S(09999.HK$ $CM BANK(03968.HK$ $CHINA MERCHANTS BK(CIHKY.US$ $PING AN INSURANCE(PNGAY.US$ $PING AN(02318.HK$ $CHINA O/SEAS LAND(CAOVY.US$ $CHINA OVERSEAS(00688.HK$ $WUXI BIOLGCS ADR(WXXWY.US$ $CHINA RES MIXC(01209.HK$
$Alibaba(BABA.US$ $BABA-SW(09988.HK$ $Tencent(TCEHY.US$ $TENCENT(00700.HK$ $MEITUAN-W(03690.HK$ $Meituan ADR(MPNGY.US$ $JD.com(JD.US$ $JD-SW(09618.HK$ $NetEase(NTES.US$ $NTES-S(09999.HK$ $CM BANK(03968.HK$ $CHINA MERCHANTS BK(CIHKY.US$ $PING AN INSURANCE(PNGAY.US$ $PING AN(02318.HK$ $CHINA O/SEAS LAND(CAOVY.US$ $CHINA OVERSEAS(00688.HK$ $WUXI BIOLGCS ADR(WXXWY.US$ $CHINA RES MIXC(01209.HK$
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