Alibaba Group Holding Ltd (BABA), VipShop (VIPS): Tiger Global 2014 Q4 Investor Letter Highlights

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Tiger Global didn’t get into the details of its Alibaba position but it highlighted another Chinese internet company. By the way Tiger Global didn’t disclose any positions in Alibaba Group Holding Ltd (NYSE:BABA) shares in its Q3 13F filings. However, last September we obtained an email from Tiger Global and shared their comments in another article. Alibaba Group Holding Ltd was one of the 10 most popular stocks among hedge funds at the end of the third quarter. Andreas Halvorsen and Dan Loeb are among the billionaire hedge fund managers with large Alibaba positions.

Another theme that Tiger Global is bullish on is high speed broadband. Here is what they said:

“The growth of high speed broadband is another meaningful theme in the long portfolio today. In most developed markets, broadband Internet access is provided by a local cable company and is often bundled with TV and landline telephone services. The bulk of a customer’s monthly cable bill reflects the cost of television content with a smaller portion going towards high speed Internet access. As demand increases for bandwidth-intensive services like video streaming, we believe monopoly providers of high speed Internet will have pricing power, encouraging further consolidation within the industry.”

This year Tiger Global launched “Tiger Global Internet Opportunities” fund with $700 million. As you can guess, the fund focuses on long investments in the internet space. Tiger Global also reported that it reopened “Tiger Global Long Opportunities” fund and it has $2.3 billion in AUM.

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