Michael Burry adds to China Big Tech wager


It’s not the first time Burry has bet on the companies. — Bloomberg

Beijing: Michael Burry, the money manager made famous in the Big Short, has added to wagers on Chinese tech giants Alibaba Group Holding Ltd and JD.com Inc in recent months even as a rout in Chinese shares deepened.

Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted its stake in the eCommerce giant by 50% in the period ended Dec 31, according to the firm’s most recent 13F filing.

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