Trump Adviser Takes Stake in China Ride-Sharing CompanyBy
A hedge fund billionaire who was an economic adviser to President-elect Donald J. Trump during the campaign has taken a position in a fast-growing Chinese ride-sharing company that recently signed a deal to acquire Uber Technologies’ operations in China.
John Paulson, who made $15 billion betting against the housing market before the financial crisis, told his investors on Wednesday that at least one of his portfolios had taken an investment stake in Didi Chuxing, a privately owned Chinese company, said people briefed on the matter who were not authorized to speak publicly…
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