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Hedge Fund Calls Out JD for ‘Silly’ Deals, Over-Hyped Stock

(Bloomberg) A prominent hedge-fund manager has publicly attacked JD.com Inc. and its billionaire founder Richard Liu, calling China’s No. 2 e-commerce operator over-valued and upbraiding its top executive for persistent losses. Kok Hoi Wong, chief investment officer for APS Asset Management Pte, pulled no punches in criticizing JD at the Sohn conference Wednesday.

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