Michael Burry dumped Alibaba for a rival. Here’s why he no longer wants to buy back in.

Investor Michael Burry, known for betting against the US housing market, has moved his entire Alibaba stake to JD.com. Burry expressed concerns about Alibaba's $10 billion AI fundraising, citing potential shareholder dilution and falling returns. He praised Alibaba's AI advancements but stated he would only consider buying back if the stock fell by half.

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