David Tepper’s Appaloosa Management more than doubled its in...

David Tepper’s Appaloosa Management more than doubled its investment in Alibaba $Alibaba (BABA.US)$ in the first three months of the year, making the Chinese e-commerce giant the biggest position in its $6.7 billion equity portfolio.
The fund also raised its stakes in $PDD Holdings (PDD.US)$ and $Baidu (BIDU.US)$ , while adding $JD.com (JD.US)$ and two Chinese ETFs as new buys during the quarter.
At the same time, Tepper scaled back on companies including $JD.com (JD.US)$ and two electronic vehicle makers, $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$ .