Stay updated with breaking news from Blue Pool. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Ma, who retired as Alibaba's executive chairman in 2019, increased his stake in the company by purchasing approximately $50 million worth of shares in the fourth quarter of 2023. This raised his stake to more than 4.3%, making him the largest single shareholder.
By Kimberley Kao and Jiahui Huang Alibaba Group shares rose on news that cofounders Jack Ma and Joe Tsai bought about $200 million of the company's stock in the latest quarter, giving the... -January 24, 2024 at 04:18 am EST - MarketScreener
By Kimberley Kao and Jiahui Huang Alibaba Group shares rose on news that co-founders Jack Ma and Joe Tsai bought about $200 million of the company's stock in the latest quarter, giving the...
Jack Ma and Joe Tsai, co-founders of the embattled Chinese e-commerce giant Alibaba (BABA), have reportedly acquired shares worth $200 million on the open market.
Jack Ma and Joe Tsai have spent hundreds of millions of dollars to acquire Alibaba shares on the open market, signaling confidence in the company's prospects.