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Burry bets on China’s undervalued giants
Michael Burry, the genius who called the 2008 crash, is back with a bold bet: China’s JD.com is undervalued amid market chaos. He’s buying more shares, arguing stock drops aren’t due to weak fundamentals—but momentum traders shifting capital away from Hong Kong toward Japan and South Korea. JD.com just smashed records with record revenue, soaring profits, and growing user engagement—all while holding a rock-solid balance sheet. Burry’s also offloading Alibaba for tax reasons and reinvesting in JD, eyeing Meituan and Tencent too. This is a contrarian play, but one Burry knows well: when the…
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