The real-life inspiration for the movie "The Big Short," Michael Burry, revealed that Alibaba (BABA.US) is now overvalued. He has recently sold all his holdings and switched to JD.com (JD.US). Originally, he planned to buy back most of his Alibaba shares after a month or two, but his plans have now changed. Unless Alibaba's stock price drops by half, he will no longer be interested. Regarding Alibaba's recent announcement to raise approximately HKD 80 billions through a share placement to inves
The real-life inspiration for the movie "The Big Short," Michael Burry, revealed that Alibaba (BABA.US) is now overvalued. He has recently sold all his holdings and switched to JD.com (JD.US). Originally, he planned to buy back most of his Alibaba shares after a month or two, but his plans have now changed. Unless Alibaba's stock price drops by half, he will no longer be interested. Regarding Alibaba's recent announcement to raise approximately HKD 80 billions through a share placement to inves
智通财经2026/08/23 21:36Show original
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The real-life inspiration behind the movie "The Big Short", Michael Burry, revealed that Alibaba's (BABA.US) valuation has become too high. He recently sold all his holdings to switch to JD.com (JD.US). He originally planned to buy back most of Alibaba's shares in a month or two, but now his plan has changed. Unless Alibaba's share price drops by half, he will not be interested anymore. Regarding Alibaba's recent announcement to raise around 80 billion Hong Kong dollars through a share placement to invest in artificial intelligence, Burry admitted that he cannot support this fundraising.
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