Michael Burry Buys JD.com at $24.79, Exits Alibaba for Tax-Loss
JD•Michael Burry increased his JD.com position by buying shares at $24.79 as part of a broader rotation into select tech and fintech names, including Adobe and Fiserv. He sold Alibaba for tax-loss harvesting as technical selling pressures drove China-linked stocks toward their lows.
1. Burry Increases JD.com Holding
Michael Burry added to his JD.com position by purchasing shares at $24.79, signaling confidence in the company’s long-term prospects as part of a targeted allocation into select technology and fintech names.
2. Alibaba Sale and Position Rotation
He sold Alibaba shares to realize tax losses and redeployed capital into JD.com, Adobe and Fiserv, reflecting a strategic rotation toward names he deems attractively valued.
3. Technical Selling in China Stocks
Burry highlighted that technical selling, rather than fundamental weakness, is pushing China-linked equities toward their lows as global capital flows chase semiconductor exposure in other Asian markets.
