Part 6/10:
Instead of pursuing U.S. stocks, Burry has redirected his focus to the Chinese market, especially in the tech sector. His recent investments include significant stakes in Alibaba, JD, and Buu, with investments totaling nearly $55 million. This strategy reflects a stark contrast to his U.S. stock exits, highlighting his keen eye for value amid pervasive pessimism regarding Chinese equities.
Low Valuations Present Opportunities
China's stock market P/E ratio stands at 10.2, significantly lower than U.S. counterparts and among its lowest since 1996. This presents a compelling buying opportunity for Burry, who recognizes that, despite poor economic performance and consumer confidence issues, the potential upside remains intact if the Chinese economy rebounds.