Michael Burry Boosts China Stakes But With Cautious Hedges [Yahoo! Finance Canada]
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Scion Asset Management, Burry's investment firm, boosted its holdings of Alibaba by almost 30% to 200,000 shares during the quarter. At the same time, Scion bought put options with the notional value equivalent to 84% of its Alibaba holdings, according to a 13F regulatory filing on Thursday. The put options allow Scion to sell the stocks to lock in a profit or limit losses, should Alibaba tumble. Burry's firm used the same tactics for two other Chinese investments, Baidu Inc. and JD.com Inc., in a sign of caution for his China holdings. The reshuffles came as Beijing ramped up efforts to revive growth with pledges to support fiscal spending and the country's troubled real estate market in September. The surprise stimulus plan unleashed a frantic rally in China equities but some market observers remain cautious about the long-term outlook for the sector. For JD.com Inc., Scion doubled its stakes in the three months through September while adding bearis
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News
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- Baidu Announces Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Baidu Announces Third Quarter 2024 ResultsPR Newswire
- Michael Burry Boosts China Stakes But With Cautious Hedges [Yahoo! Finance]Yahoo! Finance
BIDU
Earnings
- 11/21/24 - Beat
BIDU
Sec Filings
- 11/21/24 - Form 6-K
- 10/28/24 - Form 6-K
- 10/8/24 - Form 6-K
- BIDU's page on the SEC website