Michael Burry dumps Alibaba for JD.com, says BABA would need to fall 50% (BABA:NYSE)
· seekingalpha.com
Michael Burry swaps Alibaba (BABA) for a big JD.com (JD) stake over share issuance concerns, saying BABA must drop ~50% to buy.
Investor Michael Burry said he has swapped his Alibaba (BABA) holdings for a large position in rival Chinese e-commerce company JD.com (JD), citing concerns abo...