Michael Burry Increases Stakes in Alibaba and JD.com Amid Chinese Stocks Slump
In a bold move that has caught the attention of investors worldwide, Michael Burry, the famed investor known for his lucrative bet against the subprime mortgage market as depicted in "The Big Short," has significantly increased his investment in Chinese e-commerce giants Alibaba and JD.com. This decision has reignited the debate over whether these beaten-down stocks represent a significant investment opportunity or if they are merely value traps in a challenging economic environment.
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