US hedge fund manager Michael Burry's investment firm Scion Asset Management increased its investment in JD.com (JD.US) and Alibaba (BABA.US) in the first quarter, according to regulatory filings.
JD is Scion's largest position, while Alibaba is the firm's second-largest, with a US$9 million stake in the company after adding 50,000 shares. In addition, Scion also increased its position in Baidu (BIDU.US) .
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