Cohen, the CEO of GameStop and a hero among the meme stock crowd, has grown his bullish bet on the Chinese tech giant to $1 billion, the Journal reported.

Alibaba (BABA) is up again today, following strong artificial intelligence (AI) investments and a report that GameStop (GME) CEO Ryan Cohen increased his personal stake in the company to $1 billion, according to the Wall Street Journal.

CEO and billionaire investor Ryan Cohen added stake in Alibaba (BABA.US) to about 7 million shares, worth about US$1 billion, the Wall Street Journal reported on Thursday. Cohen's overweighting of Alibaba's shares is due to his bullishness on the long-term growth of the Chinese economy,

BILLIONAIRE investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly US$1 billion in recent months, The Wall Street Journal (WSJ) reported on Thursday (Feb 20),