Burry Says He Sold Alibaba, Calling It Pricey Before Share Sale

August 24, 2026 - 05:08

Investor Michael Burry, best known for betting against the housing market before the 2008 financial crisis, has revealed that he sold his entire position in Alibaba Group Holding Ltd. In a post on social media platform X, Burry said he considered the Chinese e-commerce giant's shares too expensive and that he had shifted his money into a "large" position in competitor JD.com Inc. The disclosure came just before Alibaba's share sale, adding a layer of timing to his criticism.

Burry, who runs the investment firm Scion Asset Management, did not provide specific numbers on the size of his new JD.com stake, but his comments suggest a clear preference for the rival retailer. His move marks a notable reversal, as he had previously held Alibaba shares and had spoken positively about the company in earlier filings. The announcement drew immediate attention from retail investors and market watchers, given Burry's track record of making bold, contrarian bets.

Alibaba's stock has faced pressure in recent years due to regulatory crackdowns and slower growth in China's economy. However, Burry's remark that the shares were "pricey" stands out, since the stock trades well below its all-time highs. Some analysts speculate that Burry may be looking at valuation metrics differently, or that he sees JD.com as offering better value with its logistics network and focus on direct sales.

As of now, neither Alibaba nor JD.com has issued a public response to Burry's statements. The move adds another layer of uncertainty to an already volatile sector, and investors will be watching to see if Burry's latest bet pays off or if he once again proves to be ahead of the curve.