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Alibaba jumps about 7% in Hong Kong.

Scion Asset Management, managed by Michael Burry, increased its holdings of Chinese large caps, and boosted its stakes in $Alibaba(BABA.US)$ by 67% to 125,000 shares while making $JD.com(JD.US)$ its top holding after boosting its stake by 80%. 
Alibaba jumps about 7% in Hong Kong.
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