Charlie Munger's Daily Journal nearly doubles stake in China's Alibaba
The U.S. company raised its holding by 99.3% to 602,060
sponsored American Depository Shares as of
Munger, 98, has long been bullish on
Amid an onslaught of competition in the e-commerce space, a slowing economy and a regulatory crackdown, Alibaba's (BABA) U.S.-listed shares had in 2021 lost more than 48% of their value.
On Tuesday, the shares pared losses and closed down 0.7% at