Michael Burry, renowned for predicting the housing market crash, has significantly increased his investments in Chinese tech stocks Alibaba, JD.com, and Baidu, while simultaneously hedging these positions with put options. Burry's Scion Asset Management boosted its Alibaba stake by nearly 30% to 200,000 shares and added put options equivalent to 84% of this holding. His investments in JD.com and Baidu also saw substantial increases, with corresponding bearish options purchased to protect against potential losses. Despite a recent rally in Chinese equities following a government stimulus announcement, these stocks have since declined, prompting Burry's cautious approach. In addition to his Chinese holdings, Burry trimmed positions in several U.S. stocks and maintained his focus on potential growth in the Chinese market amidst ongoing uncertainty. He remains one of the few hedge fund managers bullish on Chinese stocks, alongside David Tepper of Appaloosa.