Billionaire investor Ryan Cohen has grown his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, the Wall Street Journal reported Thursday, citing people familiar with the matter.

GameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, the Wall Street Journal reported Thursday.

Alibaba and Cohen did not immediately respond to Reuters' requests for comment. Cohen had built a stake in Alibaba worth hundreds of millions of dollars in early 2023 and was pushing the company to increase and speed up share buybacks,

Ryan Cohen, the investor known for GameStop (GME), has raised his stake in Chinese e-commerce giant Alibaba (NYSE:BABA) to about $1 billion. Cohen, who is also the founder of pet retailer Chewy (CHWY),

Ryan Cohen still has his sights set on Alibaba Group and has been building up his position in the Chinese e-commerce behemoth.