Shuli Ren, Columnist

David Tepper’s ‘Everything’ China Trade Has a New Plot

A fresh investment thesis is emerging that suggests China’s valuation discount will disappear.

February 11, 2025 at 8:00 PM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

Fear of missing out.
Photographer: Qilai Shen/Bloomberg

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The investing world has something new to think about this year: What to do when it’s becoming clear that China is pumping out products that consumers in the West covet?

Billionaire investor David Tepper has certainly made up his mind. He doubled down on his bet on Chinese stocks last quarter, adding positions in e-commerce platforms Alibaba Group Holding Ltd. and JD.com Inc., as well as index funds that track some of the country’s biggest companies.