{"id":14323,"date":"2026-08-23T18:49:53","date_gmt":"2026-08-23T18:49:53","guid":{"rendered":"https:\/\/stock999.top\/?p=14323"},"modified":"2026-08-23T18:49:53","modified_gmt":"2026-08-23T18:49:53","slug":"burry-says-he-sold-alibaba-calling-it-pricey-before-share-sale","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=14323","title":{"rendered":"Burry says he sold Alibaba, calling it pricey before share sale"},"content":{"rendered":"

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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 \u201clarge\u201d position in rival online retailer JD.com Inc.\u00a0<\/p>\n

\u201cI planned to move most of it back after a month or two. No longer,\u201d Burry said in a\u00a0post\u00a0on Substack, adding that Alibaba\u2019s share price would have to \u201cfall by half for me to get interested again.\u201d<\/p>\n

The remarks by the Scion Capital Management founder, made famous in\u00a0The Big Short\u00a0for his bets against the US housing market prior to the the 2008 global financial crisis, follow Alibaba announcing its plan to raise about HK$80 billion ($10.2 billion) via a share sale to fund its AI investments \u2014 which would be Hong Kong\u2019s largest follow-on offering by a company on record. \u00a0\u00a0<\/p>\n

Read More:\u00a0Alibaba Seeks $10 Billion From Share Sale for AI Expansion<\/p>\n

\u201cI cannot bless share issuances,\u201d he said, adding that he expects return on invested capital from the company to continue declining. \u00a0<\/p>\n

Alibaba reported a\u00a075% profit decline\u00a0for the quarter ended in June as it ramped up AI-related capital spending, further spooking investors about future returns from the Chinese tech sector. \u00a0<\/p>\n

The company\u2019s American Depositary Receipts are down 18.6% for the year and fell 8.6% Friday. Its Hong Kong-listed shares are also down 13.9% for the year so far. \u00a0<\/p>\n

Burry had disclosed in April that he built a new position in Alibaba. The Chinese firm said separately on Sunday that it priced the offering at HK$112.70 per share, compared with the Hong Kong market closing price of HK$123 on Friday.<\/p>\n

Fortune Daily breaks the traditional barrier between audience and newsroom. The show transforms Fortune\u2019s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. Watch here.
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#Burry #sold #Alibaba #calling #pricey #share #sale<\/p>\n","protected":false},"excerpt":{"rendered":"

Michael Burry criticized Alibaba Group Holding Ltd. shares as overvalued and disclosed that he recently…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[245],"tags":[4469,7887,6766,20002,299,12,4598,91],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/14323"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14323"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/14323\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}