Wall Street tycoons add shares in China

According to the position report for the fourth quarter of 2022 submitted by Point 72 Hong Kong, a hedge fund owned by Steven Cohen, a famous Wall Street financial giant, $Alibaba (BABA.US)$ ranked the first in its heavy holdings, with a position of about 706300 shares and a market value of about $62.215 million, accounting for 20.41% of the investment portfolio, an increase of 51% compared with the number of positions held in the previous quarter, and 1.31% of the investment portfolio in the previous quarter.

Alibaba is not the only Chinese stock that Steve Cohen added to the position. Many Chinese stocks, such as $PDD Holdings (PDD.US)$, $JD.com (JD.US)$ , $Baidu (BIDU.US)$, and $Qifu Technology (QFIN.US)$, have been significantly increased.