06:09 AM EDT, 08/15/2024 (MT Newswires) -- Alibaba Group Holding's ( BABA ) existing investor Scion Asset Management has increased its stake in the Chinese e-commerce giant to $11.2 million during Q2, the investment firm's latest 13F filing with the US Securities and Exchange Commission showed.

Scion's position in Alibaba ( BABA ) was up from the $9 million stake it disclosed for Q1 after acquiring an additional 30,000 shares, according to its 13F filings.

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