π Big Short investor dumps Alibaba for rival JD.com
Investor Michael Burry has completely sold his Alibaba stock and shifted his investment to its competitor, JD.com. This move comes as Alibaba announced a HK$80 billion share sale to fund its AI expansion. Burry criticized the share issuance despite acknowledging Alibaba's impressive low-cost LLM efforts. The stock remains significantly down due to tech crackdowns and fierce competition. He is also shorting Oracle and Micron over AI overexposure.