Michael Burry boosts investments in Chinese tech firms but hedges against potential losses.

Michael Burry, known for his role in the "Big Short," has increased his investments in Chinese tech giants Alibaba, Baidu, and JD.com by up to two-thirds in the third quarter. Despite the increased stakes, Burry hedged his bets by purchasing bearish put options worth $43.6 million, allowing him to limit potential losses. These moves suggest a cautious approach to China's economic recovery, which has seen stimulus measures but also concerns over long-term growth.

November 14, 2024
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