Flipkart investor Tiger Global reduces its stake in Amazon by 67% .

May 17, 2016

Tiger Global Management, which is the largest investor in e-commerce major Flipkart , has reduced its stake in US rival Amazon by nearly 67% in the March ended-quarter.

The hedge fund has cut its exposure to 1.04 million shares worth $619 million as of March 31, down from 3.19 million shares worth $2.16 billion as of December 31, as per regulatory filings.

The fund also reduced its stake in Chinese e-tailer JD.com by nearly 25% and entirely dissolved its mino ..

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