WSJ says Gamestop CEO Ryan Cohen increases its personal share in Alibaba to $ 1 billion

Gamestop CEO and billionaire investor Ryan Cohen increased his personal share in China e-commerce giant Alibaba About $ 1 billion worth of about $ 7 million, Wall Street Journal reports on Thursday.

He said that the great share of the magazine in Alibababa, the magazine, the magazine is a bet for economic growth in China for a long time.

Cohen CNBC was not immediately available when it reaches for comment.

News came after China Titan Acute Profit Hike The power of the cloud exploration section and the power of the e-commerce segment in the December Quarter. Alibaba shares increased by 8.1% on Thursday.

In 2023, investor Alibaban called on Alibaba to buy the Alibaban because he believed shares are serious.

Alibaba’s foreign founder, JackSince 2020, it was among the entrepreneurs that were held in the eyes of a large number of public Attended a rare closed meeting He led by the President of China Leaving the xi On Monday, the Beijing leader called on private enterprises to “show talents” and to strengthen the new term “new period” according to their activities.

Cohen, after retailing of video games became a CEO of Meme Fund Gamestop, 2021 trigger a trading mania in the Wall Street in Wall Street. ChewIn the last few years, the brick and mortar retailer is headed by a turn.

Under Cohen’s leadership, Gamestop is aimed at reducing costs and easing operations to ensure that the work will benefit. Before this month, CNBC reported that it was gamestop Given the investment in Bitcoin and other cryptos.

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