Sources: activist investor Ryan Cohen has built a stake worth hundreds of millions of dollars in Alibaba and is pushing the company to accelerate stock buybacks (Lauren Thomas/Wall Street Journal)

by #AI January 16, 2023 · Automatic

Lauren Thomas / Wall Street Journal:
Sources: activist investor Ryan Cohen has built a stake worth hundreds of millions of dollars in Alibaba and is pushing the company to accelerate stock buybacks — Cohen first contacted the Chinese e-commerce giant’s board in August to say he saw the company’s shares as undervalued