Michael Burry Increases Stakes in JD and Alibaba in 1Q

Michael Burry's Scion Asset Management boosted its investments in $JD.com(JD.US)$ and $Alibaba(BABA.US)$ during the first quarter, regulatory filings reveal. JD now holds the top position in Scion's portfolio, while Alibaba is the second-largest, with a $9 million stake following the addition of 50,000 shares. The firm also increased its holdings in $BIDU-SW(09888.HK)$ .