Michael Burry's China Investing Strategy Pays Off with 65% Gains on JD Stocks
Michael Burry’s Remarkable Gains on JD.com
China investing has been a hot topic as Michael Burry, famed for 'The Big Short,' has made significant strides. His latest holdings in JD.com (NASDAQ: JD) soared a stunning 65.76% since the latest 13-f filing, closing at $42.93 on October 1.
Market Dynamics Favoring Jie
Thanks to a series of government stimuli, the Chinese stock market has rebounded dramatically in Q4 2024. With JD stocks appreciating another 9.13% post-market close, Burry’s investment has risen to $10.7 million.
Broader Market Trends in China
American investors, including David Tepper, have shown significant interest in the Chinese market. Burry’s substantial positions in Alibaba (NYSE: BABA) and Baidu (NASDAQ: BIDU) have similarly benefited from this renaissance, with BABA rising 43.17% to $117.79.
Potential Risks and Future Outlook
Despite these positive trends, there are risks involved as market stability remains uncertain. Burry's investment strategy should be monitored closely for any rapid changes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.