Burry Chinese Technology ADR Allocations: Alibaba & JD.com

While mainstream institutional capital aggressively purged Chinese equities amid geopolitical tensions and regulatory crackdowns, Michael Burry built massive contrarian long positions. Allocation tracking within the Michael Burry Scion 13F portfolio tracker deconstructs his concentrated bets on Alibaba and JD.com.

Burry recognized that regulatory crackdowns and geopolitical fears had pushed Chinese tech ADRs to extreme, single-digit price-to-earnings (P/E) multiples and double-digit free cash flow yields. Even after factoring in a substantial discount for Cayman Islands Variable Interest Entity (VIE) corporate structures, valuations priced in permanent impairment.

As Alibaba and JD.com pivoted aggressively toward shareholder-friendly balance sheet management—deploying tens of billions of dollars into massive share buybacks and special dividends—Burry leveraged their cash-rich balance sheets to capture asymmetric upside during emerging market valuation rebounds.