Signs of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province in November 2020. Photo: Reuters
Signs of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province in November 2020. Photo: Reuters

Warren Buffett’s business partner loads up on Alibaba’s US-listed shares as stock slide persists

  • Daily Journal Corp, whose chairman is Buffett’s long-time business partner, nearly doubled its stake as of December 31, according to filing
  • The publishing firm started buying in early 2021 as stock plunged 48 per cent through the year following China’s crackdown on tech firms

Signs of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province in November 2020. Photo: Reuters
Signs of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province in November 2020. Photo: Reuters
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