{"id":5842,"date":"2026-08-23T18:07:39","date_gmt":"2026-08-23T18:07:39","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5842"},"modified":"2026-08-23T18:07:39","modified_gmt":"2026-08-23T18:07:39","slug":"burry-says-he-sold-alibaba-calling-it-pricey-before-share-sale","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5842","title":{"rendered":"Burry says he sold Alibaba, calling it pricey before share sale"},"content":{"rendered":"<div>\n<p>\u201cI planned to move most of it back after a month or two. No longer,\u201d Burry said in a\u00a0post\u00a0on Substack, adding that Alibaba\u2019s share price would have to \u201cfall by half for me to get interested again.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5840\">The U.S. picked the Mexican state without screwworm to reopen the border. Then it got screwworm<\/a><\/p>\n<p>The remarks by the Scion Capital Management founder, made famous in\u00a0<em>The Big Short<\/em>\u00a0for his bets against the US housing market prior to the the 2008 global financial crisis, follow Alibaba announcing its plan to raise about HK$80 billion ($10.2 billion) via a share sale to fund its AI investments \u2014 which would be Hong Kong\u2019s largest follow-on offering by a company on record. \u00a0\u00a0<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>Read More:\u00a0Alibaba Seeks $10 Billion From Share Sale for AI Expansion<\/p>\n<p>\u201cI cannot bless share issuances,\u201d he said, adding that he expects return on invested capital from the company to continue declining. \u00a0<\/p>\n<p>Alibaba reported a\u00a075% profit decline\u00a0for the quarter ended in June as it ramped up AI-related capital spending, further spooking investors about future returns from the Chinese tech sector. \u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5838\">Taxing all 938 billionaires at 100% wouldn\u2019t stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>The company\u2019s American Depositary Receipts are down 18.6% for the year and fell 8.6% Friday. Its Hong Kong-listed shares are also down 13.9% for the year so far. \u00a0<\/p>\n<p>Burry had disclosed in April that he built a new position in Alibaba. The Chinese firm said separately on Sunday that it priced the offering at HK$112.70 per share, compared with the Hong Kong market closing price of HK$123 on Friday.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5836\">Buc-ee\u2019s Buckeye backlash as beaver infringement lawsuit infuriates Mini Mart maniacs in Ohio<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u201cI planned to move most of it back after a month or two. No longer,\u201d Burry said in a post on Substack.<\/p>\n","protected":false},"author":1,"featured_media":5841,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[225],"tags":[],"class_list":["post-5842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Burry says he sold Alibaba, calling it pricey before share sale - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5842\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Burry says he sold Alibaba, calling it pricey before share sale - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"\u201cI planned to move most of it back after a month or two. 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