High-profile investors Michael Burry and David Tepper were buying Alibaba during the fourth quarter, potentially putting them in a position to profit from...
High-profile investors Michael Burry and David Tepper were buying Alibaba during the fourth quarter, potentially putting them in a position to profit from the reopening of the Chinese economy.
Scion Asset Management’s Michael Burry, whose activities shorting the U.S. mortgage market were chronicled in “The Big Short,” bought 50,000 ADR shares of Alibaba BABA and 75,000 shares in Chinese retailer JD.com JD as of Dec. 31, his latest 13-F filing showed. Meanwhile, Viking Global Investors bought over 9 million shares in Chinese electric vehicle maker Li Auto LI worth $185 million, a new holding for the nearly $20 billion hedge fund, though it cut its stake in biopharmaceutical company Zai Lab ZLAB .
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