Michael Burry's Strategic Investment in Chinese Assets Boosts Returns

Michael Burry (Trades, Portfolio), known for his contrarian investment strategies, has reaped significant gains from his timely investments in Chinese assets. Scion, his investment firm, disclosed that nearly half of its asset portfolio is allocated to Chinese stocks, with Alibaba (BABA, Financial) being its largest holding.Burry's investment strategy has been rewarded as Chinese stocks have seen substantial gains. Alibaba's (BABA, Financial) stock price has surged over 50% since the beginning of the second ...