Michael Burry doubles down on JD.com as China tech sell-off deepens

EarningsIndustry
โดย TheStreet·Read original
Summary · why it matters

Hedge fund manager Michael Burry has added to his JD.com position at $24.79 per share, arguing that the recent sell-off in Chinese and Hong Kong stocks is driven by technical capital flows rather than business fundamentals. Burry sold Alibaba for tax-loss purposes and reallocated the proceeds to JD.com, while also watching Meituan and Tencent. JD.com just reported a record quarterly operating profit for its retail segment of 15 billion yuan, with total Q1 revenues of 316 billion yuan and a 16.5% year-over-year surge in retail operating profit. The company’s balance sheet shows $29.3 billion in cash and short-term investments against $9.1 billion in long-term debt, and analysts see potential for the stock to double within three years if it trades at 9 times forward free cash flow.

Impact on stocks 8

Artificial Intelligence▼ · 4 stocks
Alibaba Group Holding Ltd
9988
▼ NegativeCapitalrelevance

Burry sold Alibaba for tax-loss purposes, implying a negative view or portfolio rebalancing.

Digital Finance & Tokenization▲ · 2 stocks
Consumer Discretionary▲ · 1 stocks
Jd Com Inc
9618
▲ PositiveCapitalrelevance

Michael Burry added to his position, citing strong fundamentals and record quarterly operating profit.

Advanced Air Mobility (eVTOL)▲ · 1 stocks
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