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