Michael Burry's Alibaba bet pays off big; Here's how much it's worth now

Michael Burry, the famed ‘Big Short’ investor, earned the admiration of investors all over the world by predicting and profiting off the 2008 subprime mortgage crisis.Since then, he has remained active through his hedge fund, Scion Asset Management. While his earlier calls in recent years, such as the ill-timed short on semiconductors and a bearish stance on the S&P 500, missed the mark, Burry’s pivot to China appears to be paying off in 2025.Rather than building a major long position in the U.S. market, he ...