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Magellan’s Hamish Douglass sees Tencent and Alibaba as undervalued despite Jack Ma disappearance – The Australian Financial Review

Magellan Financial group, manager of a $15 billion global equities strategy, has raised its risk rating on Chinese tech stocks but says they are still fundamentally…

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“And I thought Jack had seen the shot being fired over the bows of the boat and would always act in his own self-interest.
“I was very surprised to see him make the comments at that conference in Shanghai just before the finalisation of the Ant IPO that was critical of the regulators in China and therefore inherently critical of the CCP.
“Unfortunately, we’re seeing the reaction to that about who’s in control and how companies must act. We knew there was always a risk around who’s in control. We…

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