5 E-commerce Stocks Billionaires Are Loading Up On

2. Alibaba Group Holding Limited (NYSE:BABA)

Number of Billionaire Investors in Q1 2023: 25

Alibaba Group Holding Limited (NYSE:BABA) is one of the largest electronic commerce companies in the world and a dominating player in the Chinese industry. It allows merchants to sell their products all over the world and enables buyers to order the products in bulk.

Insider Monkey dug through 943 hedge funds for their March quarter of 2023 investments and found out that 128 had invested in the e-commerce firm. Out of these, Alibaba Group Holding Limited (NYSE:BABA)’s largest hedge fund shareholder is Panayotis Takis Sparaggis’s Alkeon Capital Management with a $471 million investment.

Follow Alibaba Group Holding Limited (NYSE:BABA)