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. Cohen’s position represents about 7 million shares, the report said. Alibaba and Cohen, CEO of GameStop, did not immediately respond to Reuters’ requests for comment. … Read more