Alibaba Rose Over 2% in Morning Trading after Charlie Munger's Daily Journal Nearly Doubled Its Stake

Tiger Newspress2022-01-05

Alibaba rose over 2% in morning trading after Charlie Munger's Daily Journal nearly doubled its stake.Daily Journal Corp, the publishing and technology company in which Warren Buffett's longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant Alibaba Group Holding.

The U.S. company raised its holding by 99.3% to 602,060 sponsored American Depository Shares as of Dec. 31, Daily Journal said in a regulatory filing on Tuesday, making the stake worth about $72 million as of Jan. 4.

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  • BKT
    2022-01-06
    BKT
    Good. Pls like thanks.
  • Agni
    2022-01-05
    Agni
    ~
  • Poopthego
    2022-01-05
    Poopthego
    All in
  • Wensheng
    2022-01-05
    Wensheng
    Nice
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