Michael Burry Bets Big on Chinese Tech Giants – Alibaba, JD.com, and Baidu
Michael Burry, famed for foreseeing the 2008 housing crisis, has taken an audacious gamble on China's leading tech firms, Alibaba, JD.com, and Baidu, with significant investments in them during Q3 2024. While Burry's portfolio surged 64% to over $86 million, he also hedged his bets by acquiring put options, guarding against potential volatility. Amidst economic uncertainties and a fresh stimulus package from China, Burry's move has captivated investors worldwide.
Dec 23