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Hedge funds dump Alibaba for smaller rival

Investors are betting on JD.com's ability to offer higher quality products through its direct delivery model

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JD.com's revenues have beat analysts' projections in the past consecutive four quarters, while Alibaba's sales have missed in two during the period.

New York

LESS than a year ago investors were scrambling to pick up shares in Alibaba Group Holding when Asia's largest e-commerce company made its record debut on the New York Stock Exchange. Now sentiment is changing as JD.com Inc, its smaller

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