Investor Michael Burry has fully exited his Alibaba shares and significantly increased his position in JD.com, transferring his entire Alibaba holding before Alibaba's $10.2 billion fundraising for AI expansion. Initially planning to return to Alibaba, Burry now says he will only reconsider at much lower prices, reflecting his bearish view after Alibaba's shares dropped nearly 10% post-announcement. Burry remains bullish on JD.com and the Chinese e-commerce sector, expecting competition to ease and profit margins to improve. This move continues Burry's selective exposure to Chinese tech amid shifting market and geopolitical dynamics.
Alibaba's shares fell 8% in Hong Kong following a $10.3 billion equity placement priced at an 8.4% discount to its previous close, aimed at funding AI infrastructure expansion. Investor Michael Burry sold Alibaba shares for JD.com, citing concerns ov...
Alibaba announced an $10.2 billion share placement to non-U.S. investors, pricing 710 million new shares at HK$112.70 each, below the previous close. The company will use all proceeds to boost its AI infrastructure and capabilities, following a 75% p...
Alibaba sharply reduced its share repurchases by about 80% in the June 2026 quarter, spending $162 million compared to $815 million a year earlier. The company redirected capital towards AI infrastructure and cloud computing, with capital expenditure...
Profusa, Inc. saw its stock fall 28% following a wider Q2 net loss of $8.8 million and a 1-for-4 reverse stock split. The company disclosed convertible exchange agreements and borrowed $650,000 for working capital, raising investor concerns about its...
Alibaba Group reported a mixed first quarter in 2027 with revenue slightly exceeding expectations, but profitability falling short of consensus. The company faced significant cash flow challenges, with free cash flow declining sharply to -RMB44.6 bil...
