Shen Zhen Shang Bao·2025-08-17 22:42Group 1 - Michael Burry's hedge fund has shifted its strategy from shorting to buying call options on Chinese stocks like Alibaba and JD.com in the second quarter [1][2] - Chinese stocks have shown remarkable recovery this year, with notable gains such as Huya's stock price increasing by 2446.15% and Xiaomi's by 1202.31% [1] - Among the top ten Chinese stocks by market capitalization, notable increases include NetEase at 129.22%, Tencent Music at 128.74%, and Alibaba at 46.47% [1] Group 2 - Burry's Scion Asset Management sold put options on Alibaba, Pinduoduo, JD.com, Ctrip, and Baidu while buying call options on Alibaba and JD.com in the second quarter [2] - Since Q4 2022, Burry has been heavily investing in Chinese assets, with Alibaba, JD.com, Baidu, and Pinduoduo making up over 50% of his portfolio by the end of last year [2] - Recent reports from foreign institutions, including Goldman Sachs, indicate a renewed interest from international investors in the Chinese stock market [2] Group 3 - The core appeal of Chinese assets lies in their strong real economy foundation and continuous investment in R&D, which enhances product quality and brand value [3] - China's long-term investments in technology sectors such as AI, semiconductors, new energy, and aerospace position it well for global competition [3]