Tiger Global Management LLC Dissolves Share Stake In Alibaba Group; Raises Share Stake In Taiwan Semiconductor Manufacturing By 47.7% To 3.04M Sponsored ADS; Change In Holdings Are As Of December 31, 2023 And Compared With The Previous Quarter Ended As Of September 30, 2023
Portfolio Pulse from Benzinga Newsdesk
Tiger Global Management LLC has dissolved its share stake in Alibaba Group and increased its share stake in Taiwan Semiconductor Manufacturing (TSM) by 47.7% to 3.04 million Sponsored ADS, as of December 31, 2023, compared with the previous quarter ended September 30, 2023, according to an SEC filing.
February 14, 2024 | 6:13 pm
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NEGATIVE IMPACT
Tiger Global Management LLC has dissolved its share stake in Alibaba Group as of December 31, 2023.
The dissolution of a significant share stake by a major investment firm like Tiger Global Management could lead to negative sentiment among investors, potentially impacting Alibaba's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tiger Global Management LLC has raised its share stake in Taiwan Semiconductor Manufacturing by 47.7% to 3.04 million Sponsored ADS as of December 31, 2023.
Increasing its stake significantly in Taiwan Semiconductor Manufacturing, Tiger Global Management's move could be seen as a strong vote of confidence in TSM, likely leading to positive investor sentiment and a potential short-term increase in TSM's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80