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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (211181)	2/10/2025 11:07:19 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217830

something bloomberg.com Billionaire Investor Tepper Boosted Bets on China Before Stocks Rally Appaloosa boosts JD stake by 43%, Alibaba remains top holding China stocks, ETFs account for more than a third of portofolio Yiqin Shen 11 February 2025 at 08:42 GMT+8 David TepperPhotographer: Perry Knotts/Getty Images Billionaire investor David Tepper ramped up his stake in China-related stocks and exchange-traded funds last quarter, just before the development of DeepSeek reignited a rally in the country’s shares. The president and founder of Appaloosa Management LP, who made waves in September with a call to buy “everything” related to China, increased the firm’s holding of e-commerce company JD.com by roughly 43% in the fourth quarter, according to a filing released Monday. The money manager also boosted his stake in Alibaba Group Holding Ltd., another e-commerce giant, by 18%. The stock remains the hedge fund’s largest holding, accounting for about 16% of its $6.4 billion portfolio. The moves came amid a volatile stretch for Chinese stocks, when investors showed signs of wavering commitment after Beijing rolled out a stimulus blitz in late September. The government’s efforts sparked a frenetic rally into early October, but the momentum faded in the following months amid disappointment over the scale of fiscal stimulus, a weak economic outlook and a property crisis. Alibaba fell 20% in the fourth quarter, while JD.com declined 13%. Tepper also added exposure to the KraneShares CSI China Internetexchange-traded fund (ticker KWEB) and to the iShares China Large-Cap ETF (ticker FXI), as well as to KE Holdings Inc. and Baidu Inc., the filingshowed. Chinese stocks and ETFs giving exposure to the country’s shares made up about 37% of his portfolio as of the end of December, in terms of market value, little changed from the previous quarter. Tepper didn’t respond to an emailed request for comment. China’s market has been on a stronger footing to start the year, with some of China’s equity benchmarks outperforming US and European peers. That’s in part because of China’s growing clout in the artificial-intelligence space, on the back of the success of DeepSeek’s AI model. As a result, investors have been re-evaluating the nation’s beaten-down shares, although they’re also assessing the impact of US President Donald Trump’s move to slap 10% tariffs on China. On Friday, the Hang Seng Tech Index entered a bull market while the Hang Seng China Enterprises Index is less than 5% from overtaking its October peak. Alibaba, which is building its own AI model, has climbed nearly 30% since the start of the year. The company may be able to manage the US-China trade war’s impact on revenue better than its Chinese rivals because its overseas operations are more geographically diverse, according to Bloomberg Intelligence.