Alibaba Group Holdings, Inc. (NYSE:BABA) shares have been in the doldrums ever since Chinese regulators began hounding the company following anti-establishment outbursts by its founder Jack Ma in late 2020. An astute investor who began piling into the shares of the Chinese ecommerce behemoth, taking advantage of the depressed stock price, apparently is losing patience.
What Happened: Daily Journal, a hedge fund run by Charlie Munger, who is more famously known as billionaire Warren Buffett's right-hand man, cut its stake in Alibaba by half, a 13F filing by the firm late Monday showed.
