Confidently optimistic about the Chinese market! Wall Street tycoon David Tepper significantly increased his holdings in Alibaba Group Holding Limited Sponsored ADR (BABA.US).

Legendary investor and hedge fund founder David Tepper of Appaloosa LP significantly increased his holdings of Chinese stocks in the fourth quarter of last year. Alibaba Group Holding Limited Sponsored ADR (BABA.US) has become the fund's largest holding. According to the latest 13-F regulatory filing, Tepper is bullish on the Chinese market, believing that the risk-return ratio of Chinese stocks is highly attractive on a global scale. In the fourth quarter, Tepper's Appaloosa fund increased its holdings of Alibaba Group Holding Limited Sponsored ADR by 18%, bringing the total to 11.8 million shares with a market value exceeding $1.2 billion, making it the fund's top holding. At the same time, Tepper also increased his holdings of JD.com, Inc. Sponsored ADR Class A (JD.US) by 44%, totaling 10.5 million shares with a market value exceeding $400 million at the current stock price of $42. Additionally, he slightly increased his holdings of PDD Holdings Inc. Sponsored ADR Class A (PDD.US) by 1%, bringing the total to 5.4 million shares. These series of increases indicate Tepper's strong confidence in the Chinese e-commerce sector, especially as the stock prices of companies like Alibaba Group Holding Limited Sponsored ADR, JD.com, Inc. Sponsored ADR Class A, and PDD Holdings Inc. Sponsored ADR Class A are undervalued, and he believes that the market has underestimated their growth potential. In fact, Tepper has shown a strong interest in the Chinese market in the past six months. In September of last year, he publicly stated that he was buying "everything in China" because the price-to-earnings ratios of Chinese stocks are generally in the single digits, but earnings growth of companies remains in the double digits, making it the best risk-return ratio in the global market. Tepper's investment style is known for his precise bottom fishing and contrarian positions. As the owner of the Carolina Panthers in the NFL, he has built one of Wall Street's most successful investment records over the past 30 years, with his investment trends being a focus of the market. In addition to increasing his holdings in the Chinese market, Tepper also reduced his holdings in American tech giants. He decreased his holdings in Meta (META.US) by 20%, reducing his year-end holdings to 490,000 shares with a market value of $287 million; and reduced his holdings in Amazon.com, Inc. (AMZN.US) by 20%, bringing his holdings to 2.6 million shares with a market value of $570 million.