Michael Burry Doubles Alibaba Stake in Big Bet on China Tech

Burry boosted holdings in JD.com and Alibaba last quarter
China tech stocks advance in Hong Kong, tracking US rally

WATCH: Famed short-seller Michael Burry loaded up on regional lenders last quarter amid the turmoil in the industry. Su Keenan reportsSource: Bloomberg

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By Ye Xie

May 16, 2023 at 12:48 AM UTC

Updated on

May 16, 2023 at 2:36 AM UTC

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Michael Burry, the money manager made famous in The Big Short, now has a Big Long when it comes to China. He boosted his bullish bets on e-commerce giants JD.com Inc. and Alibaba Group Holding Ltd., even as other hedge funds cooled on the nation’s reopening trades.

The two stocks have become the largest holdings of his Scion Asset Management, accounting for 20% of his stock portfolio. His success relies not only on the companies recovering their mojo but also surviving the geopolitical risks that drove many of his peers away.