BEIJING: Billionaire investor David Tepper is ramping up his stake in China-related stocks and exchange-traded funds in the last quarter, showing confidence in the world’s second-largest economy even as a stimulus-fuelled rally lost momentum.
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 eCommerce company JD.com by roughly 43% in the fourth quarter, according to a filing released Monday.
