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What's Behind Charlie Munger's Big Bet on Alibaba?

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Alibaba Group isn't quite the darling of Wall Street it once was. Despite a dismal 2021 and continued concerns on not only regulatory risks, but the stability of the Chinese economy, Berkshire Hathaway Vice-Chairman Charlie Munger is not shying away from the top China tech stock. Per a recent 13-F filing, the Munger-led Daily Journal Corp. nearly doubled its stake in Alibaba in the third quarter of this year, moving its stake north of 300,000 shares of ADRs (American Depository Receipts).