US-based hedge fund investors have reduced their holdings in the Chinese companies during the June quarter amid concerns over the economic recovery in China and rising geopolitical tensions. Coatue Management LLC, founded by Philippe Laffont, decreased its positions in Chinese companies like Alibaba, Baidu, JD.com, Kanzhun, KE Holdings, Li Auto and PDD Holdings, Reuters reported citing regulatory filings. It has cut its position in Alibaba by roughly 90% from March to June. Louis Bacon's Moore Capital Management sold over $200 million in shares of Alibaba and has exited its position in the company, while D1 Capital Partners dumped all its…