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Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion, WSJ reports

  • Ryan Cohen has increased his stake in Alibaba to roughly $1 billion, representing about 7 million shares, as reported by The Wall Street Journal.
  • Alibaba's shares surged 8.1% after reporting strong profits during the December quarter.
  • Cohen has been advocating for Alibaba to increase share buybacks, believing its stock is undervalued, according to sources.
  • Earlier in February, Jack Ma attended a meeting led by Xi Jinping, where private businesses were encouraged to strengthen their confidence.
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sherwood.newssherwood.news

GameStop CEO Ryan Cohen reportedly ups stake in Alibaba to $1 billion

It’s the latest vote of confidence in Alibaba after a year where everything’s gone right....

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New York PostNew York Post

Billionaire GameStop CEO Ryan Cohen boosts stake in Chinese titan Alibaba to $1B: report

Billionaire investor Ryan Cohen has grown his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, the Wall Street Journal reported Thursday, citing people familiar with the matter.

·New York, United States
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CNBCCNBC

GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says

Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.

·United States
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Channel News AsiaChannel News Asia

Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion, WSJ reports

Billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Cohen's position represents about 7 million shares, the report said.Ali

·Singapore
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Los Angeles Weekly TimesLos Angeles Weekly Times

GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says - Los Angeles Weekly Times

GameStop Chairman Ryan Cohen. CNBC GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday. Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a bullish bet on China’s economic growth in the long run. Cohen wasn’t immediately available when CNBC reached …

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TechmemeTechmeme

Sources: GameStop CEO and activist investor Ryan Cohen has grown his personal stake in Alibaba to about 7M shares, worth roughly $1B, in recent months

Top news and commentary for technology's leaders, from all around the web.

·California, United States
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Channel News Asia broke the news in Singapore on Thursday, February 20, 2025.
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