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Burry Says He Sold Alibaba as $10.2B Share Sale Draws Criticism

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Michael Burry said Aug. 23 he sold his Alibaba stake, calling its shares overvalued and saying he won’t change his view after the company completed an HK$80 billion (about $10.2 billion) placement to fund AI plans. He earlier planned to reinvest but reversed course, later shifting into JD.com as hedge-fund ownership fell from 102 funds in the first quarter to 97 in the second.

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