David Tepper’s Appaloosa LP boosted its stakes in Chinese stocks during the fourth quarter and now counts Alibaba Group Holding as its largest position, according to a securities filing. The billionaire investor has become a fan of the depressed Chinese market in the past six months.

Trump delays suspension of duty-free entry for packages under $800, affecting Chinese e-commerce platforms and U.S. retailers. Chinese stocks drop.

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.

Hedge-fund manager makes good on promise to buy ‘everything’ China-related, boosting holdings of Alibaba, JD.com, ETFs.