Activist investor Ryan Cohen builds stake in Alibaba, WSJ reports

Activist investor Ryan Cohen has built a stake in Alibaba (BABA) worth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, The Wall Street Journal’s Lauren Thomas reports, citing people familiar with the matter. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStop (GME) and others, built the stake in the second half of last year, the people said. Reference Link