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Charlie Munger’s Daily Journal Nearly Doubles Alibaba Holding

Charlie Munger

Charlie Munger

Photographer: Patrick T. Fallon/Bloomberg

Daily Journal Corp., a newspaper and software business that counts Charlie Munger as chairman, nearly doubled its holding of Chinese internet giant Alibaba Group Holding Ltd. shares in recent months. 

The Daily Journal held 602,060 American depositary shares in Alibaba at year-end, up from 302,060 as of Sept. 30, according to a regulatory filing Tuesday. The company’s other investments, such as its Wells Fargo & Co. and Bank of America Corp. bets, were unchanged.