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International Business Times UK

Niloy Chakrabarti

Big Short Investor Michael Burry Reduced Stake in Chinese Tech Giants Before £1T DeepSeek Rally

Michael Burry Alibaba Alibaba Group Holdings China JDcom Donald Trump United States PDD Holdings Scion Asset Management Stock Market

Michael Burry opened a new position in PDD Holdings in Q4. (Credit: Facebook.com)

Scion Asset Management founder Michael Burry is famous for betting against the US housing market during the 2008 financial crisis, which netted him £556 million in profits. His contrarian trading approach was chronicled in the award-winning film Big Short.

According to the latest Form 13F filed with the US Securities and Exchange Commission on 14th February, Burry's Scion Asset Management trimmed its stake in several Chinese tech stocks in Q4 2024, just before DeepSeek AI triggered a £1.03 trillion stock market rally in the mainland.

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