JD.com Loses Hedge Fund Support

One big hedge fund holder doubled down on the troubled company, but others bailed, and short sellers are betting on more pain.

(Qilai Shen/Bloomberg)

(Qilai Shen/Bloomberg)

Is JD.com finally bottoming out?

This is the big question surrounding the Chinese e-commerce giant after its stock more than halved since late January.

Investors are mindful that many questions have been raised about the one-time high-flier over slower growth, profitability, competition from rival Alibaba Group Holding, and the September arrest of founder and chief executive Liu Qiangdong — who also goes by Richard Liu — in Minneapolis on suspicion of rape.

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