Burry Dumps Alibaba, Bets Big on JD.com

In a notable portfolio adjustment, investor Michael Burry has sold his holdings in Alibaba Group Holding Ltd. Burry publicly stated his belief that Alibaba's shares were overvalued. This decision prompted him to exit his position in the e-commerce giant. Concurrently, Burry has initiated the construction of a substantial new investment in Alibaba's rival, JD.com Inc. This strategic shift reflects Burry's active management and his assessment of market opportunities within the Chinese technology sector. The move by Burry, known for his prescient market calls, is being closely watched by industry observers.