Tag: Alibaba Group

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Michael Burry Bets $1.6 Billion Against Market: ‘Big Short’ Investor Takes Bearish Stance on S&P 500 and Nasdaq

In filings with securities authorities released on Monday, renowned hedge fund manager Michael Burry, whose exploits were famously captured in the film “The Big Short,” took a bearish stance on the market. Burry’s Scion Asset Management shorted the S&P 500 and Nasdaq 100 for the close of the second quarter, wagering approximately $1.6 billion on…
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Alibaba Names Crypto-Friendly Joseph Tsai as New Chairman

Alibaba has revealed its leadership transition plans, with the pro-crypto Joseph Tsai set to replace long-time chief Daniel Zhang as the new Chairman. In a Tuesday press release, the company also said that Eddie Wu, now chairman of Alibaba’s core Taobao and Tmall online commerce divisions, will take over as chief executive of the $240 billion…
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