Michael Burry Trimmed Some China Tech Bets Before DeepSeek-Driven Rally
- Burry’s firm cut holdings of JD.com, Alibaba before year end
- Scion Asset Management purchased 75,000 shares in PDD Holdings
Michael Burry rolled back on some of his investments in Chinese tech stocks just before DeepSeek’s breakthrough in artificial intelligence reignited a $1.3 trillion rally in the country’s shares.
The hedge fund manager, famous for his 2008 bet against the US housing market, trimmed his exposure in JD.com and Alibaba Group Holding Ltd. as of the end of last year, according to 13F regulatory filings on Friday.