revered meme stock investor ryan cohen is pushing alibaba to speed up its share buyback plan after acquiring a minority stake in the chinese tech giant for more were joined by bloomberg quicktake alex webb so alex whats the advantage of buying into alibaba now and b how likely is it that he is going to be able to effect much change at all so its been a punishing few years for the tech giants in china there was a huge crackdown from the government they felt that these companies were overextending their reach and that influence the stocks therefore came down considerably what we saw in december with the loosening of covid 0 was a sort of realisation from the powers that be that to reinvigorate growth they needed these tech companies so there was some comments in the planning meeting in december that suggested that going to support the tech industry a little bit more if you look at that buying in the stock has been trading near historic lows well below the ipo price as a multiple of forward earnings its therefore quite opportune to buy in there with the possibility that its going to recover the question is whether hes actually gonna be out to affect change that might be a little bit trickier his stake while it might be in the hundreds of millions it is very very small as a total percentage of ali baba now none of thats ali baba has in the order of 80 billion dollars in net cash so maybe hes pushing at an open door here and its something that the company is willing to do anyway