Though controversial for a long time, Michael Burry’s long bets on a series of Chinese technology stocks have been providing a massive payoff in 2025.
The most recent of these shares to make a big move is JD.com (NASDAQ: JD), which entered a strong extended session rally between Wednesday, March 5, and Thursday, March 6.
At one point, JD stock was some 7% up from its latest closing price of $43.76 and squarely at $47, meaning ‘The Big Short’ investor – known as such for one of the most successful short trades in history during the Great Recession – was up approximately $1 million on the position.
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Even after that slight correction that ensued and ensured the firm’s equity is 6.56% up in the pre-market at $46.63, Burry is some $850,000 wealthier than he was at the latest closing bell.
Why JD is soaring
JD’s extended session rally can be attributed to the company’s fourth-quarter (Q4) earnings report, which showcased both growth and a substantial outperforming of analyst forecasts.
Specifically, JD.com announced it had achieved revenue of ¥346.99 billion (~$47.85 billion) – higher than the anticipated ¥332.38 billion (~$45.84 billion) and the ¥260.39 billion (~$35.91 billion) reported for Q3 – and its adjusted diluted earnings per share (EPS) stood at ¥7.42 (~$1.02) – substantially above the ¥5.30 (~$0.73) unveiled one year earlier.
2025: A strong year for Burry’s China bet
Finally, even with the volatility likely to accompany the Thursday morning bell and beyond the latest move, Burry has been seeing his JD stock investment – his third-biggest position at the time of the latest available 13-f filing – rise significantly in 2025.
In the year-to-date (YTD) chart ending with the market’s close on March 5, the equity is 27.84% in the green. This means that the stake – reported as worth $10.4 million on December 31, 2024 – was worth nearly $3 million more at the end of the fifth day of the month at $13.1 million.
Alibaba (NYSE: BABA) – the biggest known holding – has also been a major winner as it is up a full 66.02% since the first session of the year, and Baidu (NASDAQ: BIDU), the second-biggest position, is likewise in the green, despite lagging with a 2025 rally of only 11.10%.
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