12-04-2022, 04:34 PM
Daily Journal, long overseen by Charlie Munger, halves stake in China's Alibaba
Daily Journal Corp, the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday said it halved its investment in Chinese e-commerce giant Alibaba Group Holding Ltd.
Choosing a game SLOTXO where the size of the jackpot is not very high. You will need to choose a smaller jackpot game. To save as much capital in your pocket as possible.
In a regulatory filing, the Los Angeles-based company said it owned 300,000 of Alibaba's American depositary shares ("ADS")worth US$32.6 million as of Mar 31, down from 602,060 shares at the end of 2021.
The reduction essentially reversed Daily Journal's trading activity in last year's fourth quarter, when its Alibaba stake nearly doubled in size.
The price of Alibaba's ADS has fallen 15 per cent this year, and 68 per cent from its October 2020 peak.
Daily Journal did not immediately respond to a request for comment. The company publishes newspapers and provides software to courthouses.
Munger, 98, had been Daily Journal's chairman for 45 years before stepping down last month.
Daily Journal Corp, the publishing and software company where Warren Buffett's business partner Charlie Munger helps oversee investments and until recently was chairman, on Monday said it halved its investment in Chinese e-commerce giant Alibaba Group Holding Ltd.
Choosing a game SLOTXO where the size of the jackpot is not very high. You will need to choose a smaller jackpot game. To save as much capital in your pocket as possible.
In a regulatory filing, the Los Angeles-based company said it owned 300,000 of Alibaba's American depositary shares ("ADS")worth US$32.6 million as of Mar 31, down from 602,060 shares at the end of 2021.
The reduction essentially reversed Daily Journal's trading activity in last year's fourth quarter, when its Alibaba stake nearly doubled in size.
The price of Alibaba's ADS has fallen 15 per cent this year, and 68 per cent from its October 2020 peak.
Daily Journal did not immediately respond to a request for comment. The company publishes newspapers and provides software to courthouses.
Munger, 98, had been Daily Journal's chairman for 45 years before stepping down last month.