Meme Stocks Icon Takes Alibaba Stake

🇨🇳 🇨🇳 Meme Stock Icon Cohen Buys Into Alibaba
Ryan Cohen has taken a stake in Alibaba and is pushing the e-commerce leader to *buy back more of its shares
Cohen, who rallied individual stock investors to help propel shares of moribund companies like GameStop, built up a stake worth hundreds of millions of dollars in the second half of last year
Chinese Govt Now Has Stake
Just this month, a government entity took so-called “golden shares” in an Alibaba entity, which in theory allows the government to nominate directors or sway important company decisions and ensure longer-term control over the sector
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