Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks

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Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks

The Wall Street Journal2023-01-17

Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...

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newminted
·2023-01-17
Ok
Reply
3
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Sphere
·2023-01-17
BABA up
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6
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- Sphere:
  Up
  2023-01-17
  Reply
  Report
Edmundse
·2023-01-17
It's about time to move up😃
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6
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MoonK
·2023-01-17
Let's go baba!
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10
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- SimonChan:
  👍🏻
  2023-01-17
  Reply
  Report
leeinvest
·2023-01-17
...
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10
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- newminted:
  ok
  2023-01-17
  Reply
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- BG68:
  Good
  2023-01-17
  Reply
  Report
TaiWoeiHaur
·2023-01-17
👋
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10
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TinPLJ
·2023-01-17
🤔
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8
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- 鸟雨花香:
  👍
  2023-01-18
  Reply
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D1234
·2023-01-17
Make it $128 for current CNY 🤓
Reply
1
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Targarean
·2023-01-17
$200 fair value for BABA
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5
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Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. 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Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956369131,"gmtCreate":1673912774524,"gmtModify":1676538901583,"author":{"id":"3573432013960035","authorId":"3573432013960035","name":"Sphere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3573432013960035","authorIdStr":"3573432013960035"},"htmlText":"BABA up","listText":"BABA up","text":"BABA up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956369131","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584079,"gmtCreate":1673912780742,"gmtModify":1673912814480,"authorId":3573432013960035,"author":{"id":3573432013960035,"idStr":"3573432013960035","authorId":3573432013960035,"name":"Sphere","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956369131,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Up</span>","text":"<span class=\"s1\">Up</span>","html":"<span class=\"s1\">Up</span>"}],"langContent":"EN"},{"id":9956360150,"gmtCreate":1673912702671,"gmtModify":1676538901550,"author":{"id":"4107392014931890","authorId":"4107392014931890","name":"Edmundse","avatar":"https://community-static.tradeup.com/news/f3701fd4020b24e1f008b7291a066aa7","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":7,"crmLevelSwitch":1,"idStr":"4107392014931890","authorIdStr":"4107392014931890"},"htmlText":"It's about time to move up😃","listText":"It's about time to move up😃","text":"It's about time to move up😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956360150","repostId":1146473250,"repostType":2,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956387688,"gmtCreate":1673912602144,"gmtModify":1676538901523,"author":{"id":"3575155472699792","authorId":"3575155472699792","name":"MoonK","avatar":"https://static.tigerbbs.com/4344f119333f444051d262d4e3b0e271","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575155472699792","authorIdStr":"3575155472699792"},"htmlText":"Let's go baba!","listText":"Let's go baba!","text":"Let's go baba!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956387688","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584212,"gmtCreate":1673913697151,"gmtModify":1673913718190,"authorId":3572212448091017,"author":{"id":3572212448091017,"idStr":"3572212448091017","authorId":3572212448091017,"name":"SimonChan","avatar":"https://static.tigerbbs.com/9becd538a97d2ba19c33053c87e741cf","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956387688,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">👍🏻</span>","text":"<span class=\"s1\">👍🏻</span>","html":"<span class=\"s1\">👍🏻</span>"}],"langContent":"EN"},{"id":9956388126,"gmtCreate":1673912059365,"gmtModify":1676538901388,"author":{"id":"4099790386907850","authorId":"4099790386907850","name":"leeinvest","avatar":"https://static.tigerbbs.com/b480051f839130f7274379fc24924fd2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4099790386907850","authorIdStr":"4099790386907850"},"htmlText":"...","listText":"...","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9956388126","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105584107,"gmtCreate":1673913040493,"gmtModify":1673913053876,"authorId":3581990957315863,"author":{"id":3581990957315863,"idStr":"3581990957315863","authorId":3581990957315863,"name":"newminted","avatar":"https://static.tigerbbs.com/f7fb0ce2c2c4a88e9708e5c7eaf6cfbf","vip":1,"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956388126,"type":1,"supId":105583988,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":105583988,"gmtCreate":1673912236477,"gmtModify":1673912249503,"authorId":4106439073723520,"author":{"id":4106439073723520,"idStr":"4106439073723520","authorId":4106439073723520,"name":"BG68","avatar":"https://community-static.tradeup.com/news/642f0c85e80d6d64a9a53270d806d849","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956388126,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":9956383407,"gmtCreate":1673911841110,"gmtModify":1676538901349,"author":{"id":"3563667765668803","authorId":"3563667765668803","name":"TaiWoeiHaur","avatar":"https://community-static.tradeup.com/news/4573ecee7a4a891ace3e5566a59069d5","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3563667765668803","authorIdStr":"3563667765668803"},"htmlText":"👋&nbsp;","listText":"👋&nbsp;","text":"👋","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956383407","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956383352,"gmtCreate":1673911792077,"gmtModify":1676538901303,"author":{"id":"3584319358314273","authorId":"3584319358314273","name":"TinPLJ","avatar":"https://static.tigerbbs.com/1f44e52db537ba004a729d3ccce38cef","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3584319358314273","authorIdStr":"3584319358314273"},"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9956383352","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105594107,"gmtCreate":1674001119878,"gmtModify":1674001132800,"authorId":3582101321255914,"author":{"id":3582101321255914,"idStr":"3582101321255914","authorId":3582101321255914,"name":"鸟雨花香","avatar":"https://static.tigerbbs.com/98b16b55879fd1a4b831b436592733a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9956383352,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":9956380056,"gmtCreate":1673911368375,"gmtModify":1676538901238,"author":{"id":"3573810296615865","authorId":"3573810296615865","name":"D1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3573810296615865","authorIdStr":"3573810296615865"},"htmlText":"Make it $128 for current CNY 🤓&nbsp;","listText":"Make it $128 for current CNY 🤓&nbsp;","text":"Make it $128 for current CNY 🤓","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956380056","repostId":1146473250,"repostType":4,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9956314055,"gmtCreate":1673911105978,"gmtModify":1676538901185,"author":{"id":"3573540190522229","authorId":"3573540190522229","name":"Targarean","avatar":"https://community-static.tradeup.com/news/59de1c73df3e7e460bd84cc786850fa6","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":1,"idStr":"3573540190522229","authorIdStr":"3573540190522229"},"htmlText":"$200 fair value for BABA","listText":"$200 fair value for BABA","text":"$200 fair value for BABA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956314055","repostId":1146473250,"repostType":2,"repost":{"id":"1146473250","kind":"news","pubTimestamp":1673910727,"share":"https://ttm.financial/m/news/1146473250?lang=&edition=fundamental","pubTime":"2023-01-17 07:12","market":"hk","language":"en","title":"Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks","url":"https://stock-news.laohu8.com/highlight/detail?id=1146473250","media":"The Wall Street Journal","summary":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millio","content":"<html><head></head><body><p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.</p><p>Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.</p><p>While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.</p><p>Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo&amp; Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.</p><p>Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.</p><p>The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.</p><p>Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.</p><p>Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.</p><p>Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.</p><p>The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.</p><p>Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.</p><p>Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.</p><p>In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.</p><p>In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.</p><p>Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.</p></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Activist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nActivist Investor Ryan Cohen Takes Stake in Alibaba and Pushes for More Stock Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-17 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost ...</p>\n\n<a href=\"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://www.wsj.com/articles/activist-investor-ryan-cohen-takes-stake-in-alibaba-and-pushes-for-more-stock-buybacks-11673886440","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146473250","content_text":"Activist investor Ryan Cohen has built a stake in Alibaba Group Holding Ltd. orth hundreds of millions of dollars and is privately pushing the Chinese e-commerce giant to accelerate and further boost its share-repurchase program, according to people familiar with the matter.Mr. Cohen, known as the meme-stock king for helping ignite explosive rallies in GameStopCorp. and others, built the stake in the second half of last year, the people said.While the stake is small in comparison to Alibaba’s market capitalization of nearly $300 billion, Mr. Cohen has a wide following among individual investors who often follow his lead.Mr. Cohen, with a net worth of over $2.5 billion and a portfolio of stocks including AppleInc. as well as Wells Fargo& Co. and CitigroupInc., first contacted Alibaba’s board in August to express his view that the company’s shares are deeply undervalued based on his belief that it can achieve double-digit sales and nearly 20% free-cash-flow growth over the next five years, the people said.Alibaba’s shares have climbed about 67% from a multiyear low in October, with its ADRs closing at $117.01 on Friday, but are still down from a high of over $300 reached in late 2020 as technology and other shares rallied in the early days of the pandemic.The shares have been hurt by depressed consumer sentiment in China as the country continues to grapple with Covid-19 and a sprawling clampdown on technology companies there that caused affiliate Ant Group Co. to call off its highly anticipated IPOs in Shanghai and Hong Kong.Subsequent to Mr. Cohen’s initial communication, Alibaba in November announced its board approved expanding the company’s share-repurchase program by $15 billion, to $40 billion, while also extending it through March of 2025.Alibaba said it had repurchased roughly $18 billion of its shares under its existing buyback plan, as of November 16.Mr. Cohen has communicated to Alibaba’s board that the share-repurchase plan could be boosted by another $20 billion, to roughly $60 billion, the people said.The activist investor has expressed his admiration for management’s ability to achieve earnings growth while also assembling quality assets, they added. Mr. Cohen wants to have a collaborative, long-term relationship with Alibaba, the people said.Mr. Cohen has also conveyed his belief that Apple, in which he owns a more-than $800 million stake, could provide a road map for Alibaba, the people said. Since 2012, the iPhone maker has repurchased hundreds of billions of dollars of its shares and the stock has soared.Share repurchases can support stocks by reducing the supply of shares traded and boosting per-share profit. Investors often take them as a bullish signal as they suggest executives are optimistic about their company’s prospects and confident in its financial position.In August, Alibaba showed that its once-powerful growth had run out of steam, as the company failed to post revenue growth for the first time since its blockbuster 2014 U.S. listing. Revenue for its fiscal first quarter fell 0.1% from the prior year, to the equivalent of $30.7 billion, with Alibaba blaming China’s Covid-19 outbreak, which has caused disruptions to supply chains.In its second quarter, Alibaba eked out 3% revenue growth. The company said that key categories within its commerce division, such as apparel and accessories and consumer electronics, had started to recover.Mr. Cohen, who built his fortune on online pet retailer ChewyInc., which he founded, has publicly shown an affinity for the Chinese economy in recent months. In June, he tweeted: “I have a crush on China.” Mr. Cohen also recently released a children’s book about his father’s travels to China for business.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":155,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}