The sell-off also caught the attention of JPMorgan analyst Alex Yao, who downgraded a handful of Chinese stocks including Alibaba, calling them "uninvestable" right now.
O'Leary noted that he isn't sure he is buying the bottom, but he's making a fundamental decision about the headwinds China is up against.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: