HomeEconomicNet red stock investor Cohen launches rights protection action against Alibaba

Net red stock investor Cohen launches rights protection action against Alibaba


Reporting by James Fontanellahan and Oltenka Alija in New York

Ryan Cohen, a popular investor among internet celebrity traders, is urging Alibaba to speed up its share buyback program after he bought a minority stake in the Chinese e-commerce group equity.

The exact size of his stake could not be determined but is worth hundreds of millions of dollars, according to a person familiar with the matter. They say Cohen has been lobbying Alibaba, which has a market capitalization of more than $300 billion, since the second half of last year.

Cohen, one of the most prominent figures in the retail trading boom, is GameStop’s…

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