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Why Is Michael Burry So Bearish on Alibaba (And Other Major Chinese Tech Stocks)?

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Equity Bottom-Up

<ul><li>Alibaba Cloud is doubling down on globalization with a bold new strategy and 380-billion-yuan ($52.7 billion) investment plan aimed at creating a unified global cloud network and accelerate the international rollout of its AI offerings.</li><li>The initiative seeks to establish Alibaba Cloud as the digital backbone for China’s next generation of global companies.</li><li>Speaking at the Alibaba Cloud “Go Global Summit” on Thursday, Wu Yongming, Alibaba Group CEO and Alibaba Cloud chairman, said China’s globalization is entering a new era — one led not just by product exports but by the global rise of Chinese technology, brands and advanced manufacturing.</li></ul>

Alibaba Cloud is doubling down on globalization with a bold new strategy and 380-billion-yuan ($52.7 billion) investment plan aimed at creating a unified global cloud network and accelerate the international rollout of its AI offerings.The initiative seeks to establish Alibaba Cloud as the digital backbone for China’s next generation of global companies.Speaking at the Alibaba Cloud “Go Global Summit” on Thursday, Wu Yongming, Alibaba Group CEO and Alibaba Cloud chairman, said China’s globalization is entering a new era — one led not just by product exports but by the global rise of Chinese technology, brands and advanced manufacturing.

알리바바 클라우드, AI 및 인프라에 520억 달러 투자로 글로벌 진출 