Billionaire Louis Bacon Betting on Chinese Stocks: Alibaba Group Holding Ltd (BABA), Baidu Inc (ADR)(BIDU), JD.Com Inc(ADR)(JD)

Moore Global was bullish on JD.Com Inc(ADR)(NASDAQ:JD), in which it boosted its stake during the quarter to 2.17 million shares from 200,000 shares held at the end of 2014, with the current holding being valued at $63.85 million. JD.Com Inc (ADR)(NASDAQ:JD) is an e-commerce company engaged in online direct sales, with a market cap of $46.95 billion. Shares of the company have soared 62.26% during the past year, including 46% year-to-date. Recently, JD.Com Inc (ADR)(NASDAQ:JD) announced its plan to spend about $168 million to acquire a 10% stake in Kingdee International Software Group Co., which is an e-commerce company headquartered in Shenzhen, China. JAT Capital, led by John Thaler, initiated a new position in JD.Com Inc(ADR)(NASDAQ:JD) during the first quarter which consisted of 7.25 million shares.

Lastly, we will talk about Capital One Financial Corp. (NYSE:COF), in which Moore Global owns 725,000 shares worth $57.15 million, a 4% increase to its position. With a market cap of $45.9 billion, Capital One Financial Corp. (NYSE:COF) is a diversified financial company, based in Virginia, United States. For the first quarter of 2015, Capital One Financial Corp. (NYSE:COF) reported EPS of $2.00 versus $1.96 in the same quarter last year. The company’s revenue decreased by 3% to $5.6 billion during the quarter. Capital One Financial Corp.’s (NYSE:COF) stock rose 11.6% during the last year. Other investors that see value in the company include Ric Dillon’s Diamond Hill Capital, which held 3.54 million shares of Capital One Financial Corp. (NYSE:COF) at the end of the first quarter.

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