La catena delle opzioni mostra i dati chiave delle opzioni azionarie di JD.com a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per JD.com..

JD.com (NASDAQ:JD) Azioni, Catena delle Opzioni

JD.COM INC-ADR

JD.com

JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.

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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$320.00</td>
<td>$148.0K</td>
<td>10.5K</td>
<td>18.9K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$25.6K</td>
<td>4.0K</td>
<td>2.1K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$14.85</td>
<td>$79.0K</td>
<td>28.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/20/26</td>
<td>$28.00</td>
<td>$30.7K</td>
<td>1.9K</td>
<td>700</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$19.00</td>
<td>$26.2K</td>
<td>295</td>
<td>436</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$47.8K</td>
<td>1.2K</td>
<td>213</td>
</tr>
<tr>
<td>HOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$23.00</td>
<td>$33.8K</td>
<td>653</td>
<td>176</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$89.00</td>
<td>$36.7K</td>
<td>1.2K</td>
<td>165</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$410.00</td>
<td>$143.4K</td>
<td>111</td>
<td>102</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$69.00</td>
<td>$48.0K</td>
<td>271</td>
<td>71</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on July 11, 2025. This event was a transfer of 200 contract(s) at a $320.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $148.0K, with a price of $740.0 per contract. There were 10560 open contracts at this strike prior to today, and today 18921 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 42 day(s) on August 15, 2025. This event was a transfer of 50 contract(s) at a $110.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $513.0 per contract. There were 4089 open contracts at this strike prior to today, and today 2173 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a call option sweep with bullish sentiment. It expires in 560 day(s) on January 15, 2027. Parties traded 1000 contract(s) at a $14.85 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $79.0 per contract. There were 28155 open contracts at this strike prior to today, and today 1336 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a put option trade with neutral sentiment. It expires in 259 day(s) on March 20, 2026. Parties traded 150 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $205.0 per contract. There were 1941 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option trade that happens to be bullish, expiring in 42 day(s) on August 15, 2025. This event was a transfer of 199 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $132.0 per contract. There were 295 open contracts at this strike prior to today, and today 436 contract(s) were bought and sold. 
• For CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we notice a call option trade that happens to be bearish, expiring in 77 day(s) on September 19, 2025. This event was a transfer of 29 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $47.8K, with a price of $1650.0 per contract. There were 1269 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold. 
• Regarding HOG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), we observe a call option trade with bearish sentiment. It expires in 14 day(s) on July 18, 2025. Parties traded 123 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $275.0 per contract. There were 653 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
• For SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we notice a call option trade that happens to be neutral, expiring in 7 day(s) on July 11, 2025. This event was a transfer of 65 contract(s) at a $89.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $566.0 per contract. There were 1289 open contracts at this strike prior to today, and today 165 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a call option sweep that happens to be bullish, expiring in 196 day(s) on January 16, 2026. This event was a transfer of 88 contract(s) at a $410.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $143.4K, with a price of $1630.0 per contract. There were 111 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on July 11, 2025. Parties traded 64 contract(s) at a $69.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $750.0 per contract. There were 271 open contracts at this strike prior to today, and today 71 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CAVA

SBUX

TSLA

XPEV

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$320.00</td>
<td>$148.0K</td>
<td>10.5K</td>
<td>18.9K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$110.00</td>
<td>$25.6K</td>
<td>4.0K</td>
<td>2.1K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$14.85</td>
<td>$79.0K</td>
<td>28.1K</td>
<td>1.3K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/20/26</td>
<td>$28.00</td>
<td>$30.7K</td>
<td>1.9K</td>
<td>700</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$19.00</td>
<td>$26.2K</td>
<td>295</td>
<td>436</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$47.8K</td>
<td>1.2K</td>
<td>213</td>
</tr>
<tr>
<td>HOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$23.00</td>
<td>$33.8K</td>
<td>653</td>
<td>176</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/11/25</td>
<td>$89.00</td>
<td>$36.7K</td>
<td>1.2K</td>
<td>165</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$410.00</td>
<td>$143.4K</td>
<td>111</td>
<td>102</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/11/25</td>
<td>$69.00</td>
<td>$48.0K</td>
<td>271</td>
<td>71</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on July 11, 2025. Parties traded 200 contract(s) at a $320.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $148.0K, with a price of $740.0 per contract. There were 10560 open contracts at this strike prior to today, and today 18921 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 43 day(s) on August 15, 2025. This event was a transfer of 50 contract(s) at a $110.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $513.0 per contract. There were 4089 open contracts at this strike prior to today, and today 2173 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a call option sweep with bullish sentiment. It expires in 561 day(s) on January 15, 2027. Parties traded 1000 contract(s) at a $14.85 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $79.0K, with a price of $79.0 per contract. There were 28155 open contracts at this strike prior to today, and today 1336 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a put option trade that happens to be neutral, expiring in 260 day(s) on March 20, 2026. This event was a transfer of 150 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $30.7K, with a price of $205.0 per contract. There were 1941 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option trade that happens to be bullish, expiring in 43 day(s) on August 15, 2025. This event was a transfer of 199 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $132.0 per contract. There were 295 open contracts at this strike prior to today, and today 436 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a call option trade with bearish sentiment. It expires in 78 day(s) on September 19, 2025. Parties traded 29 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $47.8K, with a price of $1650.0 per contract. There were 1269 open contracts at this strike prior to today, and today 213 contract(s) were bought and sold. 
• Regarding HOG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), we observe a call option trade with bearish sentiment. It expires in 15 day(s) on July 18, 2025. Parties traded 123 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $275.0 per contract. There were 653 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with neutral sentiment. It expires in 8 day(s) on July 11, 2025. Parties traded 65 contract(s) at a $89.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $566.0 per contract. There were 1289 open contracts at this strike prior to today, and today 165 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on January 16, 2026. This event was a transfer of 88 contract(s) at a $410.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $143.4K, with a price of $1630.0 per contract. There were 111 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a call option trade that happens to be bearish, expiring in 8 day(s) on July 11, 2025. This event was a transfer of 64 contract(s) at a $69.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $750.0 per contract. There were 271 open contracts at this strike prior to today, and today 71 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

I just wrapped up a deep dive into what I'm calling the "real report card" for 2025 so far…and the results might surprise you.
Some tech names are ripping, while others are getting absolutely crushed. I'm talking over 100% rebounds on stocks like Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and nearly 50% haircuts on household names like Lululemon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>).
So today, I want to break down exactly what's leading and what&#8217;s lagging as we enter the second half of the year, how I'm trading both sides of the tape using simple, strategic spreads and why I think the biggest opportunities right now lie in playing both ends of the market.
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Let&#8217;s start with what&#8217;s working.
I ran my latest scans across the top 425 most liquid optionable stocks (out of tens of thousands) to see who is sitting at their year-to-date highs and who is sitting at the lows.
The winners? They're almost all in tech and exchanges.
Micron (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Cisco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Paramount (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) and Coinbase are all trading at or near their 25-week highs, and they're telling a clear story about where strength is showing up in this market.
We've got semiconductors, legacy tech, disruptive fintech, crypto infrastructure and streaming media all making the list.
That's not random.
MU and CSCO represent two ends of the tech spectrum—one a chipmaker riding the AI and memory boom, the other a networking heavyweight benefiting from increased infrastructure spend. Both are showing signs of quiet accumulation.
HOOD and COIN are riding the same tailwind: a resurgence in retail interest and the rebound in crypto. COIN, in particular, has been a standout. It's already doubled since bottoming out in early April, making it one of the biggest comeback stories in the market right now. That kind of V-shaped move tells me institutional money is quietly stepping back in.
And then there's Paramount. With ongoing rumors and a push toward streaming consolidation, PARA has become a speculative favorite in certain corners of the market.
Now, when you zoom out and look at this group as a whole, there's a clear theme: Capital is flowing back into high-leverage, high-beta names—but it's doing so selectively. This isn't a broad-based rally. It's precise. And it's rotating into names with clear catalysts, strong relative strength and just enough volatility to make the options worth trading.
That's exactly the type of setup I look for.
It's the kind of strength that doesn't happen by accident, the kind that has real momentum behind the crypto comeback. And COIN is acting as a high-beta proxy for Bitcoin itself.
So, let's talk strategy.
When I pulled this data, COIN was trading around $309. The August 310 calls were going for about $31, roughly 10% of the stock price. That&#8217;s a bit rich for a single-leg call.
So, how do we lower cost and risk?
By structuring a call spread. For example, buying the 310 and selling the 320 call could be done for around $5. That cuts your risk nearly in half and sets up a clean 1:1 reward-to-risk ratio if COIN climbs another 10 points. And if you prefer something more aggressive? Using the 330 and 340 calls in this spread instead could cost you as little as $3 and up to $7 in potential upside (although you&#8217;d need a bigger move to get there).
That's how we use the market's pricing inefficiencies to our advantage. But what about the losers?
Tilray (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Lululemon and Luminar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) are sitting at the bottom of the pile, each trading at or near their 25-week lows. And while names like Tilray are already so beaten down that further downside may be limited, LULU caught my eye.
This is still an expensive stock, with real room to fall.
After a rough series of earnings, LULU has slipped from over $420 earlier this year to around $227. Even with better-than-expected numbers, the stock has struggled to recover, and that's not a good sign.
So, how do we position ourselves for further weakness?
The 225 puts are going for about $8. But opening a 225/220 put spread would only cost a little over $2. That caps risk, improves breakeven, and still leaves the door open for a potential double.
We'll soon take a deeper dive into the best trading strategies of the year. But first, I wanted to give you an example of the power in blocking out the noise of the 24/7 news cycle – and understanding what the market is really doing beneath the surface.
Whether it's a tech breakout like Coinbase or a weak rebound like Lululemon, the opportunities are there—you just need to know where to look and how to trade them smartly.
Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.
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How I'm Trading 2025's Biggest Winners And Losers

Both Michael Burry, the famed investor behind "The Big Short," and Estee Lauder Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) have strategically reduced their exposure to China – and Burry doubled his bet on the <a href="https://www.benzinga.com/markets/hedge-funds/25/06/45986798/michael-burry-saw-it-before-anyone-else-then-estee-lauders-story-took-a-dramatic-turn">global beauty giant.&nbsp;</a>
<h3 class="wp-block-heading">Burry Shorts China, Buys EL&nbsp;</h3>
According to its most recent SEC filing, Burry's hedge fund Scion Asset Management <a href="https://www.benzinga.com/news/large-cap/25/05/45499101/big-short-legend-michael-burry-bets-big-on-lipstick-index-is-he-bracing-for-a-recession">doubled its stake</a> in Estee Lauder in the first quarter of 2025.&nbsp;
The firm purchased an additional 100,000 shares in the world&#8217;s second-largest cosmetics company, bringing its total holdings to 200,000 shares.&nbsp;
Read Next: <a href="https://www.benzinga.com/markets/large-cap/25/07/46223791/elon-musks-stupid-actions-will-be-teslas-nail-in-the-coffin-ross-gerber-warns?utm_source=articleShare">Elon Musk&#8217;s &#8216;Stupid&#8217; Actions Will Be Tesla&#8217;s &#8216;Nail In The Coffin,&#8217; Ross Gerber Warns</a>
In the same quarter, Burry closed out all of Scion&#8217;s long positions in Chinese tech companies and opened short positions in several of the same stocks including Alibaba Group Holdings, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).&nbsp;
Burry moves <a href="https://www.benzinga.com/markets/options/25/06/45909789/michael-burry-and-top-economist-agree-its-time-to-short-china">could indicate </a>concerns about weak domestic economic growth in China, escalating U.S.-China tensions and a negative outlook on the sector's near-term prospects.&nbsp;
<h3 class="wp-block-heading">Estee Lauder Reduces China Exposure</h3>
Estee Lauder is contending with its own set of challenges in China. The company reported weaker-than-expected China sales, citing sluggish consumer demand, increased competition from local brands, and a shift in consumer preferences toward domestic products.&nbsp;
Trade tensions and high tariffs have further complicated the landscape, prompting efforts to streamline operations and reduce exposure to China.&nbsp;
As younger Chinese consumers increasingly favor homegrown brands and experiences over foreign luxury goods, Estee Lauder has accelerated product launches and investing in new growth markets such as India.&nbsp;
Last week, Deutsche Bank upgraded Estee Lauder shares to a Buy and raised its price target <a href="https://www.benzinga.com/quote/EL/analyst-ratings">on the stock</a> from $71 to $95. The analysts said that the company's overreliance on China has been addressed and noted evidence of diversified growth beyond China and travel retail.&nbsp;
<h3 class="wp-block-heading">Beauty And The Bear </h3>
For both Burry and Estee Lauder, China's shifting economic climate, trade uncertainties and evolving consumer habits have made the market less predictable and less profitable.&nbsp;
Estee Lauder's diversification efforts, cost-cutting and focus on new markets might have signaled to Burry that the company is well-placed to weather a downturn and benefit from a recovery, especially if Chinese consumer demand eventually returns.&nbsp;
EL Price Action: Estee Lauder shares have gained more than 25% over the past month, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46236537/openai-says-tokens-are-not-equity-no-partnership-with-robinhood-musk-says-ai-companys-equity-is-fake?utm_source=articleShare">OpenAI Says Tokens Are Not Equity, No Partnership With Robinhood: Musk Says AI Company&#8217;s Equity &#8216;Is Fake&#8217;</a></li>
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This image was generated using artificial intelligence via Midjourney.&nbsp;

Hedge Funds

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Beauty And The Bear: Michael Burry, Estee Lauder Snub China

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Citigourp Global Markets 2% Protected Notes Linked To The Djia

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Shares of US-listed Chinese stocks are trading lower. The sector may be seeing weakness due to tariff uncertainty after US President Trump, earlier this week, said he is not planning to extend the 90-day pause beyond July 9.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$300.00</td>
<td>$26.5K</td>
<td>23.2K</td>
<td>78.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$230.00</td>
<td>$45.2K</td>
<td>18.8K</td>
<td>5.4K</td>
</tr>
<tr>
<td>HAS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$82.50</td>
<td>$256.5K</td>
<td>11</td>
<td>5.2K</td>
</tr>
<tr>
<td>DBI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$3.00</td>
<td>$50.2K</td>
<td>32</td>
<td>2.5K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/17/25</td>
<td>$24.00</td>
<td>$28.8K</td>
<td>353</td>
<td>2.2K</td>
</tr>
<tr>
<td>WWW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$20.00</td>
<td>$62.7K</td>
<td>5.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$33.00</td>
<td>$37.6K</td>
<td>2.2K</td>
<td>994</td>
</tr>
<tr>
<td>CROX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$120.00</td>
<td>$32.2K</td>
<td>618</td>
<td>229</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$320.00</td>
<td>$26.1K</td>
<td>1.4K</td>
<td>201</td>
</tr>
<tr>
<td>SRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$7.50</td>
<td>$55.0K</td>
<td>440</td>
<td>200</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bearish sentiment. It expires in 2 day(s) on July 3, 2025. Parties traded 40 contract(s) at a $300.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $665.0 per contract. There were 23275 open contracts at this strike prior to today, and today 78572 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bearish, expiring in 45 day(s) on August 15, 2025. This event was a transfer of 67 contract(s) at a $230.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $45.2K, with a price of $675.0 per contract. There were 18885 open contracts at this strike prior to today, and today 5482 contract(s) were bought and sold. 
• Regarding HAS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), we observe a call option trade with bearish sentiment. It expires in 80 day(s) on September 19, 2025. Parties traded 900 contract(s) at a $82.50 strike. The total cost received by the writing party (or parties) was $256.5K, with a price of $285.0 per contract. There were 11 open contracts at this strike prior to today, and today 5247 contract(s) were bought and sold. 
• Regarding DBI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>), we observe a call option sweep with bearish sentiment. It expires in 45 day(s) on August 15, 2025. Parties traded 2500 contract(s) at a $3.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $50.2K, with a price of $20.0 per contract. There were 32 open contracts at this strike prior to today, and today 2502 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a call option sweep that happens to be bearish, expiring in 108 day(s) on October 17, 2025. This event was a transfer of 300 contract(s) at a $24.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.8K, with a price of $96.0 per contract. There were 353 open contracts at this strike prior to today, and today 2279 contract(s) were bought and sold. 
• Regarding WWW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>), we observe a call option sweep with bullish sentiment. It expires in 80 day(s) on September 19, 2025. Parties traded 418 contract(s) at a $20.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $150.0 per contract. There were 5167 open contracts at this strike prior to today, and today 1183 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bullish sentiment. It expires in 45 day(s) on August 15, 2025. Parties traded 200 contract(s) at a $33.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $188.0 per contract. There were 2272 open contracts at this strike prior to today, and today 994 contract(s) were bought and sold. 
• Regarding CROX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), we observe a call option trade with bearish sentiment. It expires in 80 day(s) on September 19, 2025. Parties traded 75 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $32.2K, with a price of $430.0 per contract. There were 618 open contracts at this strike prior to today, and today 229 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a call option sweep that happens to be bullish, expiring in 80 day(s) on September 19, 2025. This event was a transfer of 82 contract(s) at a $320.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $320.0 per contract. There were 1478 open contracts at this strike prior to today, and today 201 contract(s) were bought and sold. 
• For SRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>), we notice a put option trade that happens to be bearish, expiring in 45 day(s) on August 15, 2025. This event was a transfer of 200 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $55.0K, with a price of $275.0 per contract. There were 440 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

CROX

A Harvard scholar has suggested that the United States and China are on the verge of finalizing a trade deal, with the potential for an&nbsp;agreement as soon as next&nbsp;week.
What Happened:  Graham Allison, the founding dean of Harvard University&#8216;s John F. Kennedy School of Government and a former U.S. official, hinted at the possibility of a trade deal between the U.S. and China. He made these remarks at a World Economic Forum (WEF) meeting in Tianjin on Thursday, <a href="https://www.scmp.com/news/china/diplomacy/article/3315914/us-china-trade-deal-near-harvard-scholar-hints-progress-very-intense-talks?module=top_story&amp;pgtype=homepage">reported</a> the South China Morning Post.
Allison stated, &nbsp;&#8220;I&nbsp;would be surprised if in&nbsp;the next week or so&nbsp;we do not see an&nbsp;MOU (memorandum of understanding) coming&nbsp;out of the discussions that&nbsp;have been going on between&nbsp;Bessent and He and their&nbsp;teams in the intermediate period,&#8221; referring to U.S. Treasury Secretary&nbsp;Scott Bessent&nbsp;and China's Vice-Premier&nbsp;He Lifeng, who are leading the trade talks.
Allison shared his perspective on the trade talks following a recent meeting with China's top diplomat, Wang Yi, who voiced optimism about achieving peaceful coexistence between the two countries.
"These are business problems that serious businesspeople know how to solve. And I'm thinking they are going to stabilize this, I believe. But we'll see,"&nbsp;stated Allison
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/06/46107333/nvidia-micron-technology-super-micro-computer-bp-and-tesla-why-these-5-stocks-are-on-investors-r" target="_blank" rel="noreferrer noopener">Nvidia, Micron Technology, Super Micro Computer, BP And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
Why It Matters: The ongoing trade war between the US and China has had significant impacts on both economies. U.S.-listed Chinese stocks such as&nbsp;Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and&nbsp;JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>)&nbsp;rallied after experiencing a downturn earlier this month following President Donald Trump&#8217;s confirmation of a framework finalization for China trade deal.
Furthermore, the tariffs imposed by the Trump administration have led to a <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46111863/toy-prices-see-unprecedented-surge-as-trump-tariffs-take-a-toll-theres-just-no-escaping-china">surge in toy prices</a> in the U.S. The price of games and playground equipment saw a record 2.2% increase between April and May 2025, a rate significantly higher than the overall inflation rate, as close to 75% sellers in the U.S. import toys from China 
The potential trade agreement could alleviate these economic pressures, marking a significant step towards economic stability for both nations.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/markets/tech/25/06/46087590/trumps-made-in-america-phone-plan-is-backed-by-a-little-known-network-based-in-his-miami-condo-whose" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;Made in America&#8217; Phone Plan Is Backed By A Little-Known Network Based In His Miami Condo, Whose Website Still Says &#8216;What Is Lorem Ipsum?&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

US-China Trade Deal Could Be Finalized Next Week, Says Harvard Scholar: 'They Are Going To Stabilize This'

JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) <a target="_blank" href="https://www.benzinga.com/topic/jd-com" rel="noreferrer noopener">has begun recruiting</a> full-time meal delivery riders through JD Logistics, stepping up its competition with Meituan (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPNGY#OTC">MPNGY</a>) and Alibaba Group Holding&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) in China&#8217;s food delivery space.
The company launched hiring efforts to expand its workforce for its food delivery arm, JD Food Delivery, which now handles over 25 million orders daily, SCMP <a href="https://www.scmp.com/tech/big-tech/article/3315760/jdcom-hires-full-time-food-delivery-riders-challenge-meituan-alibaba?module=perpetual_scroll_0&amp;pgtype=article" target="_blank" rel="noreferrer noopener">reported</a> on Wednesday.
JD.com has primarily relied on its on-demand delivery unit, Dada Nexus, with 1.3 million active riders annually, to support this service.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a>
According to CEO Sandy Xu Ran, as of mid-June, JD.com had hired more than 120,000 full-time riders and aims to reach 150,000 by the quarter&#8217;s end. Still, its rider count remains far below Meituan&#8217;s 7.45 million and Alibaba&#8217;s Ele.me with about 4 million.
Analyst Cheng Liteng told SCMP that JD.com&#8217;s use of full-time riders could improve service quality and reliability. However, he warned that managing an extensive in-house fleet could raise costs and strain profit margins unless the company improves efficiency.
The online food delivery market in China, valued at an estimated $81.9 billion in 2024 and <a href="https://www.imarcgroup.com/china-online-food-delivery-market">projected to soar</a> to $197.9 billion by 2033 (a CAGR of 9.79% from 2025-2033), is witnessing an escalating battle for supremacy among its major players. 
This robust growth is fueled by increasing internet penetration, a growing consumer demand for convenience, diverse culinary options, aggressive marketing tactics, and the incorporation of advanced technologies like artificial intelligence.
Meituan currently dominates this fiercely competitive arena, holding a commanding 70% market share with its daily orders reportedly reaching 90 million. However, rivals are making strategic moves to gain ground. 
This week, Alibaba demonstrated its intent by merging its food delivery platform Ele.me and its online travel agency Fliggy directly into its <a href="https://www.benzinga.com/markets/asia/25/06/46047699/alibaba-integrates-ele-me-and-fliggy-into-core-business-to-battle-rivals-in-delivery-war">core e-commerce business</a>, a move aimed at creating a more unified and streamlined user experience. 
Alibaba has also announced a significant milestone, with its daily quick commerce orders reaching 60 million. Meanwhile, JD.com&#8217;s food delivery service, a more recent entrant, has already achieved 25 million daily orders in early June.
Price Action:&nbsp;JD shares are trading higher by&nbsp;1.41% to&nbsp;33.04 premarket at&nbsp;last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45611836/chinas-food-delivery-war-turns-bloody-as-meituan-and-jdcom-lose-100-billion-in-market-value">Meituan And JD Shares Have Bled $100 Billion In Market Value Since Late 2024 — China&#8217;s Food Delivery Wars Are Thinning Out Its Tech Giants</a></li>
</ul>
Photo by Freer via Shutterstock

Asia

Tech

Media

MPNGY

China's Food Delivery War Heats Up As JD.com Recruits Thousands Of Full-Time Riders

George Efstathopoulos, multi-asset portfolio manager at Fidelity International, is shifting <a href="https://www.benzinga.com/topic/china">his gaze East</a>. 
"For the first time, I'm not selling the rally in China," he <a href="https://www.ft.com/content/2d99d11f-9d05-44ce-9f1d-e2f761156a52">says</a>, pointing to a structural innovation surge that's making the country's tech stocks serious contenders to their U.S. counterparts. Chinese tech stocks, long battered by regulatory uncertainty and global skepticism, are now outpacing their U.S. peers, the <a href="https://www.benzinga.com/topic/magnificent-seven">Magnificent Seven</a>, in both performance and valuation appeal. 
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) is up over 33% year-to-date and BYD (OTCPK:BYDDF), China's EV juggernaut, has surged nearly 46%. 
In contrast, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is down more than 5% and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has tumbled 17% in the same period.
Valuations highlight the stark divergence. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-1024x508.png" alt="" class="wp-image-959626" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-1024x508.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-1536x762.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24070939/image-356-2048x1016.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0624">Created using Benzinga Pro data</a>
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which has <a href="https://www.benzinga.com/markets/tech/25/06/46046720/tesla-doubles-down-on-us-elon-musk-plans-another-8-billion-investment-after-spending-nearly-10-billion-in-2024">committed $8 billion</a> to ramp up EV and AI development this year, including China's largest grid-scale energy storage project, trades at a forward P/E of 178, per Benzinga Pro data. BYD, already outselling Tesla in China, trades at just 19 times forward earnings.
Alibaba and JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) look even cheaper, with forward P/Es of 11.6 and 7.8, respectively.
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45973429/trump-wants-babies-to-get-1000-to-invest-at-birth-this-maginicent-7-stock-tops-poll-for-18-year-growth">Trump Wants Babies To Get $1,000 To Invest At Birth: This Maginicent 7 Stock Tops Poll For 18-Year Growth</a>
<h2 class="wp-block-heading">Chinese Tech: High Growth, Low Valuation, Government Tailwinds</h2>
EV sales in China hit a record in May, crossing 1 million units in a month for the first time. Research firm Rho Motion <a href="https://www.reuters.com/business/autos-transportation/global-ev-sales-rise-may-china-hits-2025-peak-rho-motion-2025-06-12/">attributes</a> the growth to strong domestic demand and rising exports, with BYD tapping into new markets like Mexico and Southeast Asia, reported Reuters.
Government policy is also playing a supportive role. With fewer regulatory shocks and more focus on innovation and energy transition, sentiment around China's tech sector is beginning to stabilize. "China is leading in many tech spaces," says Nandini Ramakrishnan of JPMorgan Asset Management, pointing to AI and green tech dominance as long-term drivers.
<h2 class="wp-block-heading">U.S. Tech: Great Companies, Stretched Prices</h2>
U.S. tech giants still dominate investor portfolios, but at premium valuations. Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) trades at a forward P/E of 33.6, Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) at 32.4, and even Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), the cheapest among them, sits at 17.7. Tesla's triple-digit multiple, compared to BYD's single-digit trailing P/E of 7.6, underscores how much optimism is already priced in.
Moreover, YTD returns have started to diverge. Alphabet is down over 12%, Tesla has slid 8%, and Amazon is still in negative territory. Only Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft, and Nvidia have posted double-digit gains.
<h2 class="wp-block-heading">How To Play The Shift</h2>
Investors interested in diversifying away from expensive U.S. names may consider:
<ul class="wp-block-list">
<li>Direct exposure: Alibaba, JD, BYD</li>
<li>Broad ETFs: The KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) offers China Internet exposure, and the Invesco China Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CQQQ#NYSE">CQQQ</a>) offers China Tech exposure.</li>
<li>Global innovation funds: The EMQQ The Emerging Markets Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMQQ#NYSE">EMQQ</a>) for Emerging Markets Ecommerce &amp; Internet exposure.</li>
</ul>
With structural growth drivers, cheap valuations, and improving sentiment, China tech is finally back on the menu.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45500627/only-3-mag-7-stocks-pass-peter-lynchs-favorite-valuation-test-tesla-isnt-one-of-them">Only 3 Mag 7 Stocks Pass Peter Lynch&#8217;s Favorite Valuation Test &#8211; Tesla Isn&#8217;t One of Them</a></li>
</ul>
Photo: Maxx-Studio On Shutterstock.com

Long Ideas

AAPL

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

BYDDF

CQQQ

EMQQ

GOOG

GOOGL

KWEB

MSFT

NVDA

Why This Fidelity Fund Manager Is Buying China Tech Over The Magnificent Seven

Alibaba Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NASDAQ">BABA</a>) <a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">is merging its</a> food delivery platform Ele.me and online travel agency Fliggy into its core&nbsp;e-commerce&nbsp;business.
The restructuring signifies Alibaba&#8217;s strategic rechanneling of resources towards its core revenue drivers, a move necessitated by fierce domestic rivalry in the on-demand delivery sector with JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Meituan.
Meituan&#8217;s daily orders reportedly reached 90 million recently, while JD.com&#8217;s service hit 25 million orders earlier in June.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46032308/alibaba-expands-ai-cloud-footprint-in-south-korea-with-new-data-hub-launching-in-june" rel="noreferrer noopener">Alibaba Expands AI Cloud Footprint In South Korea With New Data Hub Launching In June</a>
Alibaba announced on Monday that daily orders have reached 60 million.
Ele.me CEO Fan Yu and Fliggy CEO Zhuang Zhuoran will report directly to Jiang Fan, who leads Alibaba&#8217;s E-commerce Business Group, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3315436/alibaba-merges-delivery-platform-eleme-and-travel-agency-fliggy-e-commerce-group" rel="noreferrer noopener">reported</a> on Monday, citing Alibaba CEO&nbsp;Eddie Wu Yongming&#8217;s internal memo.
Alibaba&#8217;s E-commerce Business Group supervised domestic platforms Tmall and Taobao and the company&#8217;s global e-commerce operations.
The fierce competition in China&#8217;s on-demand delivery and e-commerce sectors is pushing major players to innovate. As rivals like JD.com and Meituan ramp up their logistics, Alibaba is fortifying its delivery network.
Demonstrating this focus, in April, Alibaba launched a <a target="_blank" href="https://www.benzinga.com/25/04/45105930/alibaba-instant-commerce-delivery" rel="noreferrer noopener">new rapid-delivery feature</a> on its Taobao shopping platform, directly addressing the consumer demand for quicker receipt of goods and aiming to stay ahead in the delivery race.
Reportedly, JD.com sought to hire tens of thousands of full-time riders. Meanwhile, Meituan held a commanding 70% of China&#8217;s food delivery market, as <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3315095/meituans-food-delivery-market-dominance-china-remains-stable-70-report-says" rel="noreferrer noopener">cited</a> by SCMP, which referenced Leiphone.com last week.
Meituan has been aggressively expanding globally through its Keeta brand to beat the domestic slowdown. Since launching in 2023, it has held a 44% market share in Hong Kong, SCMP cited a March 2024 survey by Measurable AI.
Meituan launched Keeta in Saudi Arabia and plans to&nbsp;launch it in Brazil. JD.com will reveal a new food delivery model in July.
According to Bocom International, as cited by SCMP, in 2024, Meituan held 65% of the food delivery market, with Ele.me at 33%.
Price Action:&nbsp;BABA shares are trading lower by&nbsp;0.50% to&nbsp;112.45&nbsp;premarket at&nbsp;last check Monday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45473543/alibabas-cloud-and-e-commerce-units-shine-as-analyst-sees-ai-take-rates-fueling-future-growth" target="_blank" rel="noreferrer noopener">Alibaba Misses Revenue, But AI Cloud Has Silver Lining</a></li>
</ul>
Photo by Mamun_Sheikh via Shutterstock

Alibaba Integrates Ele.me And Fliggy Into Core Business To Battle Rivals In Delivery War

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$330.00</td>
<td>$36.9K</td>
<td>42.3K</td>
<td>101.2K</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$18.00</td>
<td>$454.9K</td>
<td>24.9K</td>
<td>5.0K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$50.00</td>
<td>$185.0K</td>
<td>10.5K</td>
<td>2.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$200.00</td>
<td>$33.4K</td>
<td>3.7K</td>
<td>594</td>
</tr>
<tr>
<td>EBAY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$65.00</td>
<td>$101.5K</td>
<td>577</td>
<td>350</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/03/25</td>
<td>$31.00</td>
<td>$27.1K</td>
<td>32</td>
<td>300</td>
</tr>
<tr>
<td>DKS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$210.00</td>
<td>$25.2K</td>
<td>4.1K</td>
<td>227</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$9.00</td>
<td>$29.2K</td>
<td>0</td>
<td>220</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$100.00</td>
<td>$27.8K</td>
<td>20</td>
<td>219</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$310.00</td>
<td>$27.9K</td>
<td>1.0K</td>
<td>105</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, expiring in 2 day(s) on June 20, 2025. This event was a transfer of 185 contract(s) at a $330.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $36.9K, with a price of $198.0 per contract. There were 42332 open contracts at this strike prior to today, and today 101291 contract(s) were bought and sold. 
• For XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we notice a put option trade that happens to be bearish, expiring in 30 day(s) on July 18, 2025. This event was a transfer of 4999 contract(s) at a $18.00 strike. The total cost received by the writing party (or parties) was $454.9K, with a price of $91.0 per contract. There were 24986 open contracts at this strike prior to today, and today 5047 contract(s) were bought and sold. 
• For GM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), we notice a put option trade that happens to be bearish, expiring in 2 day(s) on June 20, 2025. This event was a transfer of 1000 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $185.0K, with a price of $185.0 per contract. There were 10568 open contracts at this strike prior to today, and today 2062 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be neutral, expiring in 212 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $200.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.4K, with a price of $1670.0 per contract. There were 3708 open contracts at this strike prior to today, and today 594 contract(s) were bought and sold. 
• Regarding EBAY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>), we observe a put option trade with bullish sentiment. It expires in 275 day(s) on March 20, 2026. Parties traded 350 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $101.5K, with a price of $290.0 per contract. There were 577 open contracts at this strike prior to today, and today 350 contract(s) were bought and sold. 
• Regarding JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we observe a call option sweep with bullish sentiment. It expires in 15 day(s) on July 3, 2025. Parties traded 150 contract(s) at a $31.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $181.0 per contract. There were 32 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
• Regarding DKS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), we observe a call option trade with bearish sentiment. It expires in 93 day(s) on September 19, 2025. Parties traded 70 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $360.0 per contract. There were 4140 open contracts at this strike prior to today, and today 227 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on June 20, 2025. This event was a transfer of 20 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $29.2K, with a price of $1464.0 per contract. There were 0 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a put option sweep with bearish sentiment. It expires in 184 day(s) on December 19, 2025. Parties traded 52 contract(s) at a $100.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $535.0 per contract. There were 20 open contracts at this strike prior to today, and today 219 contract(s) were bought and sold. 
• Regarding MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we observe a put option trade with bearish sentiment. It expires in 93 day(s) on September 19, 2025. Parties traded 12 contract(s) at a $310.00 strike. The total cost received by the writing party (or parties) was $27.9K, with a price of $2330.0 per contract. There were 1080 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

EBAY

Investors with a lot of money to spend have taken a bullish stance on JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://www.benzinga.com/pro/">Benzinga</a>'s options scanner spotted 39 uncommon options trades for JD.com.
This isn't normal.
The overall sentiment of these big-money traders is split between 51% bullish and 38%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $439,988, and 32 are calls, for a total amount of $1,990,655.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $40.0 for JD.com over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of JD.com stands at 2898.0, with a total volume reaching 49,371.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in JD.com, situated within the strike price corridor from $20.0 to $40.0, throughout the last 30 days.
<h3>JD.com Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750190569_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$0.89</td>
<td>$0.85</td>
<td>$0.89</td>
<td>$35.00</td>
<td>$267.0K</td>
<td>5.3K</td>
<td>3.8K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$33.00</td>
<td>$172.5K</td>
<td>2.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.25</td>
<td>$3.2</td>
<td>$3.23</td>
<td>$33.00</td>
<td>$161.5K</td>
<td>2.2K</td>
<td>3.5K</td>
</tr>
<tr>
<td>JD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/01/25</td>
<td>$1.9</td>
<td>$1.42</td>
<td>$1.47</td>
<td>$33.00</td>
<td>$147.0K</td>
<td>4</td>
<td>0</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$33.00</td>
<td>$96.0K</td>
<td>2.2K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h3>About JD.com</h3>
JD.com is the third-largest Chinese e-commerce platform by GMV in 2024. it offers a wide selection of authentic products with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales, its online marketplace and omnichannel businesses.
<h3>JD.com's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,978,923, the price of JD is down by -0.72%, reaching $33.24.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 58 days from now.</li>
</ul>
<h3>What The Experts Say On JD.com</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $42.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on JD.com with a target price of $42. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest JD.com options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

JD.com's Options: A Look at What the Big Money is Thinking

Chinese e-commerce giants Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and PDD Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) saw their shares rise on Monday after China reported a stronger-than-expected<a href="https://www.benzinga.com/markets/options/25/06/45909789/michael-burry-and-top-economist-agree-its-time-to-short-china"> jump in retail sales.&nbsp;</a>
The Details: China's National Bureau of Statistics announced that retail sales of consumer goods surged 6.4% year-on-year in May, reaching 4.13 trillion yuan (about $575.3 billion) and signaling renewed consumer momentum in the world's second-largest economy.
Read Next: <a href="https://www.benzinga.com/markets/tech/25/06/45885805/nvidias-jensen-huang-sparks-quantum-stock-frenzy?utm_source=articleShare">Nvidia&#8217;s Jensen Huang Sparks Quantum Stock Frenzy</a>
China's May data marked an acceleration from April's 5.1% growth and beat analysts' estimates of 5%, according to Trading Economics.&nbsp;
The robust figures were partly attributed to government subsidies and trade-in policies for household and communication appliances, as well as a boost from the Labor Day and Dragon Boat Festival holidays.&nbsp;
The upbeat data provided a tailwind for leading online retailers. Alibaba, which operates the country's largest e-commerce platform, and PDD Holdings, the parent of Pinduoduo and global shopping app Temu, both benefited from improved investor sentiment.&nbsp;
Why It Matters: The retail sales rebound suggests that Chinese consumers are more resilient than previously thought, despite ongoing concerns about economic headwinds and U.S. tariffs.
May's data also comes ahead of China's major mid-year shopping festival, which is expected to further boost sales in June.&nbsp;
The 618 Shopping Festival begins on June 1 and peaks on June 18 each year and was originally launched by JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to celebrate its founding anniversary.&nbsp;
While challenges remain, the latest retail figures indicate that China's policy support measures are helping to revive domestic demand even in the face of U.S.-imposed tariffs.&nbsp;
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45851086/these-are-the-3-hottest-stock-market-themes-trending-now?utm_source=articleShare">These Are The 3 Hottest Stock Market Themes Trending Now</a></li>
</ul>
Image: Shutterstock

Economics

Alibaba, PDD Stocks Climb As China's Retail Sector Gains Despite US Tariffs

Renowned investor Michael Burry recently liquidated his long positions in Chinese tech stocks—a move echoed by Apollo Global's top economist, who shares his bearish outlook <a href="https://www.benzinga.com/news/global/25/05/45478950/big-short-investor-michael-burry-turns-bearish-on-china-whats-on-his-short-list-now">on China's economy</a>.
What To Know: On Wednesday, Apollo Global's chief economist Torsten Slok <a href="https://www.apolloacademy.com/outlook-for-china-6/?utm_medium=email&amp;utm_source=pardot&amp;utm_id=701Dp00000017sOIAQ&amp;utm_campaign=EXT_Daily+Spark">shared</a> three reasons why he sees growth in China slowing over the next year.&nbsp;
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In an email to investors, Slok pointed to continuing trade tensions with the U.S., China's collapsing housing market and demographic challenges—stemming from the lingering impacts of the one-child policy, which is reducing the working-age population.&nbsp;
What Else: In the first quarter of 2025, Burry's hedge fund, Scion Asset Management, acquired put options against several major Chinese tech companies.&nbsp;&nbsp;
The firm completely liquidated its long positions in Alibaba Group Holdings, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and purchased put options on each of the Chinese tech names.&nbsp;
Burry&#8217;s bearish pivot on China came in the quarter before the announcement of new tariffs on Chinese goods by President Donald Trump, which heightened trade tensions and roiled global markets.&nbsp;
The move suggests the experienced investor agrees with Slok's view that volatility or downside risk in Chinese equities are set to increase amid geopolitical and economic uncertainty.&nbsp;
Read Next:&nbsp;
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This image was generated using artificial intelligence via Midjourney.

Michael Burry And Top Economist Agree: It's Time To Short China

TCOM

Shares of US-listed Chinese stocks are trading higher as trade talks between U.S. and Chinese officials in London on Monday spark investor optimism.

<a target="_blank" href="https://www.benzinga.com/topic/chinese-stocks" rel="noreferrer noopener">U.S.-listed Chinese stocks</a> Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>),&nbsp;Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>),&nbsp;JD.Com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>),&nbsp;and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) are trading higher on Monday.
The up movement comes as U.S. and Chinese officials meet in London on Monday for trade talks, which will likely focus on rare earth minerals too.
Chinese EV stocks, including Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), also gained on Monday.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions" rel="noreferrer noopener">Trump Accuses China of Violating Tariff Deal — U.S.-Listed Chinese Stocks Slide in Response</a>
The meeting came after President Donald Trump and Chinese President Xi Jinping discussed trade issues on the phone&nbsp;last week.
China has reportedly&nbsp;granted temporary approvals&nbsp;for the export of rare earths, while jetliner&nbsp;Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has&nbsp;begun commercial jet deliveries&nbsp;in China, CNBC <a target="_blank" href="https://www.cnbc.com/2025/06/09/asia-stock-markets-today-live-updates-june-9-2025.html" rel="noreferrer noopener">reported</a> on Monday.
China's&nbsp;consumer price inflation&nbsp;dropped by 0.1% in May, compared to Reuters consensus estimates of 0.2%. The producer price index declined 3.3% compared to a 3.2% analyst consensus estimate.
China's export growth&nbsp;missed expectations in May, plunging 48.3% year over year as shipments to the U.S. declined sharply.
Rare earth elements play significant roles, from smartphones to electric vehicles to fighter jets. The U.S. depends on China for ~70% of imports of rare earth elements, signaling U.S. supply chain risks, SCMP <a target="_blank" href="https://www.scmp.com/economy/global-economy/article/3313697/ahead-us-china-talks-chinas-rare-earth-trade-data-may-shows-leverage-action" rel="noreferrer noopener">reported</a> on Monday, citing analyst estimates.
Beijing has maintained export controls on&nbsp;medium and heavy rare earths, which it announced on April 4 despite the Geneva, Switzerland understanding in May.
Last week, UBS Group&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45729089/china-stocks-get-boost-as-ubs-hsbc-cite-stimulus-hopes-tariff-truce-cheap-valuations" rel="noreferrer noopener">expressed optimism&nbsp;about</a> Chinese stocks, citing&nbsp;the recent tariff pause with the U.S., potential&nbsp;stimulus measures from Beijing, and attractive low valuations as key drivers.
Neil Hosie of UBS said Beijing's economic policy measures in September and the emergence of artificial intelligence start-up&nbsp;DeepSeek's affordable models sparked global investor interest in China equities.
Hosie said a 90-day tariff truce and Beijing's hopes for domestic stimulus have translated into higher inflows into China's markets.
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Image via Shutterstock

Government

US Listed Chinese Stocks Gain As US-China Trade Talks Spark Optimism

JD.com Option Alert: Sep 19 $55 Calls Sweep (35) Near The Ask: 1110 @ $0.411 vs 7831 OI; Ref=$33.865

As U.S. President Donald Trump&nbsp;and&nbsp;Chinese President Xi Jinping&nbsp;break the ice with a phone call after months of silence, analysts weigh in on what&#8217;s in store for the U.S.-China trade.
What Happened: The U.S. and China have been at odds over trade for a considerable period. The call signifies some advancement in establishing ground rules for a potential meeting. Jeremy Chan, Senior China Analyst at the Eurasia Group consultancy, stated that this communication suggests a level of respect from President Trump towards President Xi, <a href="https://www.scmp.com/news/china/diplomacy/article/3313235/china-us-presidents-break-months-long-stand-phone-call?module=top_story&amp;pgtype=homepage">reported</a> The South China Morning Post.
However, analysts have noted that more than optimistic statements are required to resolve the deeply rooted trade differences between the two nations. Chan further noted that Xi typically consents to meetings with foreign leaders only after substantial groundwork has been laid through lower-level diplomatic efforts.
"Xi has bowed to reality,&nbsp;like so many other foreign&nbsp;leaders before him, that there&nbsp;is no substitute for direct&nbsp;negotiations with Trump," stated Chan, who is also a former U.S. diplomat.
On the other hand, ASPI&#8217;s Wendy Cutler highlighted the complexity of the upcoming trade talks and the challenges.
"The likelihood of further misunderstandings, coupled with a fundamental lack of trust, will present enormous challenges for the negotiators as they try to hammer out a deal," cautioned Cutler. 
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/movers-shakers/25/06/45807280/elon-musk-bleeds-34-billion-as-tesla-shares-tank-14-amid-spat-with-trump-how-the-billionaires" target="_blank" rel="noreferrer noopener">Elon Musk Loses $34 Billion As Tesla Sheds $153 Billion Amid Feud With Trump—Here&#8217;s How The Billionaire&#8217;s Fortune Has Fared So Far In 2025</a>
Why It Matters: This phone call comes in the wake of escalating trade tensions between the two countries. On Thursday, U.S. stocks<a href="https://www.benzinga.com/news/politics/25/06/45793852/trump-reaches-out-to-xi-as-markets-react-tensions-simmer"> dipped following</a> reports of a phone call between Presidents Donald Trump and Xi Jinping, signaling a possible thaw in China trade tensions. The outreach was said to have come from the U.S. side, as per CNBC, citing Chinese state media.
Earlier in May, President Trump had expressed his willingness to travel to China <a href="https://www.benzinga.com/media/25/05/45481159/donald-trump-offers-to-visit-xi-jinping-in-beijing-calls-us-china-ties-important-after-striking-temporary-trade-truce">to meet </a>with President Xi Jinping, emphasizing the importance of the U.S.-China relationship. 
In early May, the South China Morning Post reported that the U.S. and China are struggling to <a href="https://www.benzinga.com/news/global/25/05/45188171/china-pushes-for-special-envoys-as-direct-deal-with-trump-deemed-risky-plans-fentanyl-concessions-as-negotiating-leverage-report">resume trade talks</a>. China suggested using special envoys, but the U.S. prefers direct talks between Trump and Xi—a move China considers &#8220;risky and uncertain.&#8221;
This latest phone call could be seen as a step towards that potential meeting, and a move towards resolving the trade disputes.
Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) and Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) climbed 1.13% and 0.43%, respectively, on Thursday. Meanwhile,&nbsp;JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) declined 0.72%
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Xi Has 'Bowed To Reality,' Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: 'No Substitute For Direct Negotiations With Trump'

Chinese e-commerce giants Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) noted strong sales momentum in their campaigns for the 618 shopping festival following government subsidies.
The festival in China runs from&nbsp;June 1 to June 18&nbsp;each year.&nbsp;It&#8217;s one of China&#8217;s most significant shopping events, from the end of May to June 20.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45703311/us-listed-chinese-stocks-drop-after-trump-renews-trade-tensions" rel="noreferrer noopener">US Listed Chinese Stocks Drop After Trump Renews Trade Tensions</a>
Preliminary 618 retail data from&nbsp;Alibaba&#8217;s domestic e-commerce unit Taobao and Tmall Group&nbsp;(TTG) showed sales of consumer electronics products and home appliances surged 283% during the campaign&#8217;s initial checkout period from May 13 to May 26, compared with the initial checkout period of its&nbsp;2024 Singles&#8217; Day&nbsp;campaign, SCMP <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3312923/alibaba-jdcom-sales-surge-during-618-shopping-festival-back-subsidy-programme" rel="noreferrer noopener">reported</a> on Tuesday.
JD.com&#8217;s home appliances and electronics sales rose ~380% in the first hour of its 618 campaign.
Alibaba and JD.com data reflects improved domestic retail spending, as the government subsidy offers each consumer a rebate of up to 2,000 yuan ($278) per item.
China&#8217;s economy&nbsp;showed signs of recovery&nbsp;in the first quarter of 2025. The quarterly retail sales rose 4.6%, while the gross domestic product&nbsp;expanded by 5.4%.
As of May 30, 217 brands on Alibaba&#8217;s Taobao and Tmall retail platforms, including major smartphone vendors&nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>),&nbsp;Xiaomi&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>), and&nbsp;Huawei Technologies, had each topped 100 million yuan in sales since the 618 shopping campaign kicked off.
JD.com said Apple, Xiaomi, and Huawei each recorded over 100 million yuan in sales within the first hour of its 618 shopping promotion.
UBS Group and HSBC <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45729089/china-stocks-get-boost-as-ubs-hsbc-cite-stimulus-hopes-tariff-truce-cheap-valuations" rel="noreferrer noopener">expressed optimism&nbsp;about</a>&nbsp;Chinese stocks, citing&nbsp;the recent tariff pause with the U.S., potential&nbsp;stimulus measures from Beijing, and attractive low valuations as key drivers.
Neil Hosie of UBS said Beijing&#8217;s economic policy measures in September and the emergence of artificial intelligence start-up DeepSeek&#8217;s affordable models sparked global investor interest in China equities, slowly translating into more significant fund flows.
Herald van der Linde of HSBC said that nearly 50 trillion yuan, deemed excess savings over the COVID-19 pandemic years, will find their way back into local and offshore equity markets.
HSBC said mainland Chinese households held 160 trillion yuan ($22 trillion) in cash, mostly invested in bank time deposits. About a third of it could flow into stock markets in Hong Kong as lower interest rates drive demand for riskier assets.
HSBC said most of the cash flowing into Hong Kong&#8217;s stock market had gone into high-growth sectors such as internet firms, electric vehicle (EV) makers, and other high-yielding companies like Alibaba.
Price Actions: At last check Wednesday, BABA stock was up 1.54% at $116.74 premarket, while JD was up 1.11%.
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Photo: Shutterstock

XIACF

XIACY

Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands

The manufacturing sector in China has slipped into contraction in May, marking its&nbsp;lowest level since September 2022, as the impact of tariffs continues to weigh heavily on the industry despite a temporary&nbsp;trade truce with the U.S.
What Happened: Data released on Tuesday by&nbsp;Caixin Media Co.&nbsp;and&nbsp;S&amp;P Global&nbsp;revealed that the&nbsp;Caixin manufacturing purchasing managers index&nbsp;dropped to 48.3 in May from&nbsp;50.4 in April. For the first time in eight&nbsp;months, the index has dipped below 50, the threshold that distinguishes expansion from contraction, <a href="https://www.wsj.com/economy/chinas-manufacturing-activity-tumbles-into-contraction-as-orders-drop-cd120b36">reported</a> the Wall Street Journal.
The drop was primarily due to a significant decrease in new orders, which fell at the fastest rate in over two and a half years, as reported by&nbsp;Caixin.&nbsp;New export orders fell for the second month in a row, hitting their lowest level since July 2023.
Despite a temporary truce in the U.S.-China trade conflict in mid-May, the tariff fallout appears to have continued to impact China&#8217;s factory activity. Zichun Huang, an economist at Capital Economics, stated, &#8220;The PMIs suggest that last month's U.S.-China trade truce was not enough to prevent a broader loss of economic momentum in May.&#8221;
Employment in manufacturing shrank more quickly in May, reflecting hiring caution, but business optimism rose as companies anticipated improvements in external markets. 
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<path d="M3.06957 10.8763C3.62331 6.43564 7.40967 3 12 3C14.2824 3 16.4028 3.85067 18.0118 5.25439V4C18.0118 3.44772 18.4595 3 19.0118 3C19.5641 3 20.0118 3.44772 20.0118 4V8C20.0118 8.55228 19.5641 9 19.0118 9H15C14.4477 9 14 8.55228 14 8C14 7.44772 14.4477 7 15 7H16.9571C15.6757 5.76379 13.9101 5 12 5C8.43108 5 5.48466 7.67174 5.0542 11.1237C4.98586 11.6718 4.48619 12.0607 3.93815 11.9923C3.39011 11.924 3.00123 11.4243 3.06957 10.8763ZM20.0618 12.0077C20.6099 12.076 20.9988 12.5757 20.9304 13.1237C20.3767 17.5644 16.5903 21 12 21C9.72322 21 7.60762 20.1535 5.99999 18.7559V20C5.99999 20.5523 5.55228 21 4.99999 21C4.44771 21 3.99999 20.5523 3.99999 20V16C3.99999 15.4477 4.44771 15 4.99999 15H8.99999C9.55228 15 9.99999 15.4477 9.99999 16C9.99999 16.5523 9.55228 17 8.99999 17H7.04285C8.32433 18.2362 10.0899 19 12 19C15.5689 19 18.5153 16.3283 18.9458 12.8763C19.0141 12.3282 19.5138 11.9393 20.0618 12.0077Z" fill="currentColor"></path>
<path fill-rule="evenodd" clip-rule="evenodd" d="M5.29289 9.29289C5.68342 8.90237 6.31658 8.90237 6.70711 9.29289L12 14.5858L17.2929 9.29289C17.6834 8.90237 18.3166 8.90237 18.7071 9.29289C19.0976 9.68342 19.0976 10.3166 18.7071 10.7071L12.7071 16.7071C12.5196 16.8946 12.2652 17 12 17C11.7348 17 11.4804 16.8946 11.2929 16.7071L5.29289 10.7071C4.90237 10.3166 4.90237 9.68342 5.29289 9.29289Z" fill="currentColor"></path>
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy </a>
Why It Matters: The ongoing trade tensions between the U.S. and China, which escalated in April with the imposition of hefty tariffs, have continued to impact China&#8217;s factory activity. Although the two countries&nbsp;reached a temporary truce in&nbsp;May and agreed&nbsp;to suspend most of the&nbsp;additional tariffs, the effects of the tariffs persist.
Amid these challenges, Chinese manufacturers are also facing domestic economic pressures, with major macroeconomic indicators showing a significant&nbsp;weakening at the start of&nbsp;the second quarter. This has led to a cautious approach by manufacturers, with employment shrinking&nbsp;at a faster pace than&nbsp;in April.
These developments align with previous warnings from analysts at&nbsp;<a href="https://www.benzinga.com/25/04/45033064/16-million-chinese-jobs-under-threat-amid-escalating-us-china-trade-war-predicts-goldman-sachs">Goldman Sachs</a>, who cautioned that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector.
Meanwhile, in the U.S., the ISM Manufacturing PMI slipped to 48.5% in May from 48.7% in April, indicating the sharpest contraction since late 2024. One of the respondents stated, "&#8230;the impact of ever-changing trade policies of the current administration has wreaked havoc on suppliers&#8217; ability to react and remain profitable."
Xpeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and BYD&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) fell 3.4% and 0.65%, each, over the past month. Meanwhile, Aluminum Corporation of China Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALMMF#OTC">ALMMF</a>) surged 7.41% during the same period. 
In Tuesday&#8217;s premarket session, PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) traded higher, while JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) edged slightly lower, according to Benzinga Pro data.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/personal-finance/management/25/06/45739976/trump-administration-pauses-social-security-garnishments-over-defaulted-student-loans-department-will-begin-proactive-outreach-to-recipients" target="_blank" rel="noreferrer noopener">Trump Administration Pauses Social Security Garnishments Over Defaulted Student Loans: &#8216;Department Will Begin Proactive Outreach To Recipients&#8230;&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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China's Manufacturing Activity Crashes To 2022 Lows In May Amid Trump Tariff Woes

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