Business & Economy
Burry says he sold Alibaba, calling it pricey before share sale
Michael Burry criticized Alibaba Group Holding Ltd.
Story Brief
Michael Burry criticized Alibaba Group Holding Ltd. shares as overvalued and disclosed that he recently exited his position in the Chinese tech giant in order to build a “large” position in rival online retailer JD.com Inc. “I planned to move most of it back after a month or two. No longer,” Burry said in a post on Substack, adding that Alibaba’s price would have to “fall by half for me to get interested again.”
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