WHAT HAPPENED
“Big Short” investor Michael Burry has moved his entire Alibaba position into rival Chinese e-commerce company JD. com, saying Alibaba’s latest share sale has made him unwilling to reinvest unless the stock falls dramatically. housing market ahead of the 2008 financial crisis and was portrayed by Christian Bale in “The Big Short,” disclosed the move in a Substack post on Sunday. No longer,” Burry wrote, adding that Alibaba would have to “fall by half” before he would consider buying the stock again. His decision came after Alibaba announced plans to raise HK$80 billion, or about $10.
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