Michael Burry's BABA bet to finally pay off as Alibaba plans massive buyback in 2024

Much has been said about ‘the Big Short’ Michael Burry’s decision to bet approximately $4.3 million on the fortunes of the Chinese technology and e-commerce giant Alibaba (NYSE: BABA) in September 2023.The investment has been of particular interest given that in the 7 months since the purchase of 75,000 BABA shares, the stock has declined significantly and is, despite the partial recovery of the Chinese stock market following government intervention, still below its September value.Things, however, may soon ...