Alibaba shares jump as Jack Ma, Joe Tsai buy $271 million in stock
The share purchases reflect their belief that the business is undervalued after its stock fell sharply from its 2020 peak. Read more at straitstimes.com.
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The share purchases reflect their belief that the business is undervalued after its stock fell sharply from its 2020 peak. Read more at straitstimes.com.
Alibaba co-founder Jack Ma paused his plans to sell hundreds of millions of dollars worth of his shares after the company’s stock plunged last week.
Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week.
Redress by Maltese courts ‘did not offer sufficient relief’
Chinese billionaire Jack Ma's family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings for about $871m.