Michael Burry Is Betting Big on These 3 Chinese Stocks

Group 1 - Michael Burry's hedge fund, Scion Asset Management, has increased its holdings in Chinese stocks to over 20% of its total portfolio, with notable investments in JD.com, Alibaba, and Baidu [1][2] - Burry purchased 160,000 shares of JD, 50,000 shares of Alibaba, and 40,000 shares of Baidu, marking a significant increase in his positions [1][2] - The total percentage of Burry's investments in these Chinese stocks rose from 12.26% to 22.34% of his portfolio [2] Group 2 - The Morningstar China Index has declined nearly 17% over the past three years, leading to discounted valuations for major Chinese companies [3] - Alibaba, often referred to as the "Amazon of China," has seen its stock price drop from a peak of $309 in 2020 to around $83 [3] - Baidu and JD.com are also positioned as significant players in the e-commerce and internet services sectors, similar to Alibaba [3]