Global X Launches Actively Managed China Disruption ETF (KEJI) to Capture Several Powerful Themes in China benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
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Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma reappeared in public view on Wednesday sending the company’s shares soaring 5.5% in New York but concerns persist about the Chinese company’s frayed relationship with its government.
Investors are seeking more reassurance on the regulatory environment surrounding the e-commerce giant. Here’s what they are saying:
Just Appearing Is Not Enough: William Huston, founder of Bay Street Capital Holdings, a California-based investment advisory firm said, “We all know that just because he showed up . doesn’t necessarily explain what is going on.” Huston’s firm has reduced its position in Alibaba from 8% of the portfolio to less than 1%, reported Reuters.