Reported 7 months ago
Billionaire David Tepper made significant investments in Chinese tech stocks, notably increasing his stake in companies like PDD Holdings, Baidu, JD.com, and the largest holding, Alibaba, with a nearly 159% increase in Q1. Tepper's interest in Alibaba may stem from its low valuation, predicted stability in the Chinese economy, and growth potential in AI. While he believes in Alibaba, the risks surrounding China's economic model and political tensions suggest caution for risk-averse investors, while long-term investors may find potential in Alibaba's future growth prospects.
Source: YAHOO