America’s biggest investor Michael Burry dumps Alibaba, buys rival in China

Michael Burry has sold off his Alibaba shares, opting instead to invest in a competing firm. He voiced concerns regarding Alibaba's stock issuance and its fiscal obligations. Additionally, Burry has taken short positions against Oracle and Micron Technology, asserting that both firms might be overly exposed to the AI s

Nike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.