Michael Burry Exits Alibaba Position, Shifts Conviction to JD.com

Key Facts

1Investor Michael Burry has completely liquidated his stake in Alibaba.

2Burry built a significant investment position in JD.com as an alternative to Alibaba.

3The shift in investment strategy is attributed to valuation concerns.

In a move reflecting a strategic shift within the Chinese tech sector, renowned investor Michael Burry has completely liquidated his stake in Alibaba. According to reports, Burry built a significant investment position in JD.com as a strategic alternative, driven primarily by concerns regarding Alibaba's market valuation and a preference for JD.com's current pricing.

These portfolio adjustments occur as investors monitor the performance of Hong Kong-listed tech giants, where Alibaba (9988.HK) closed at 123.00 USD on August 21, 2026, while JD.com (9618.HK) stood at 115.20 USD per market data on the same date. The shift highlights Burry's conviction in finding value opportunities within the Chinese market despite broader sector headwinds.

Looking ahead, traders are watching how this institutional exit impacts price stability, noting that 9988.HK hit a daily low of 121.50 USD as of the August 21, 2026 close. With no immediate corporate catalysts in the upcoming calendar, market sentiment will likely continue to digest recent Chinese industrial production and retail sales data as a proxy for tech demand.

Sources:

sa.investing.com