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FountainCap Research & Investment Hong Kong Co. Ltd. Buys New Shares in Alibaba Group Holding Limited (NYSE:BABA)

News Snapshot:

FountainCap Research & Investment Hong Kong Co. Ltd. bought a new stake in Alibaba Group Holding Limited (NYSE:BABA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,697 shares of the specialty retailer’s stock, valued at approximately $3,560,000. Alibaba Group accounts for approximately 10.5% of FountainCap Research & Investment Hong Kong Co. Ltd.’s holdings, making the stock its 2nd largest position. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Logan Capital Management Inc. acquired a new…

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