Daniel Loeb's Third Point hikes stake in Alibaba to more than $1b

Daniel Loeb's Third Point hikes stake in Alibaba to more than $1b

Daniel Loeb, CEO, Third Point LLC, participates in the "Financial Firms: Past, Present and Future" panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 27, 2010. REUTERS/Phil McCarten

Charles Stein

10 November, 2017

Daniel Loeb’s Third Point increased its stake in Chinese Internet giant Alibaba Group Holding Ltd. by almost 50 percent in the third quarter.

activist investorAlibaba GroupDaniel LoebThird Point

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