Here's how Michael Burry's $4.3 million Alibaba bet is doing

The Chinese stock market has been on a decisive downward trajectory for more than a year, with the major indices for the Hong Kong, Shenzhen, and Shanghai exchanges dropping between 22% and 30% in the last 52 weeks.The market, however, made a sharp turn on Tuesday, January 24, as reports that the Chinese government is preparing a stabilization package worth more than $200 billion. The strongest reaction to the news came from the technology and e-commerce giant Alibaba (NYSE: BABA), which is not only notable ...