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As’s Woes Mount, Hedge Funds Flee the Stock

The Chinese e-commerce company’s stock took another big hit after the arrest of its CEO.

It’s just what — and its investors — needed: More bad news.The stock of the second largest Chinese e-commerce company slumped around 6 percent Tuesday following reports that founder and chief executive Liu Qiangdong — who also goes by Richard Liu — was arrested in Minneapolis for alleged sexual

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