Hayden Capital 3Q18 Letter: Update and Thesis for JD.com

Volatility is back. The Shanghai Composite is down -30% from its January high, and the broader MSCI Emerging Markets Index is also down -25% JD.com (JD) In early September, news came out that Richard Liu (Founder & CEO) was accused of sexual assault while completing a course at the University of Minnesota. Since initial reports, […]

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