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…