Ma Yun and Cai Chongxin substantially increased their holdings in Alibaba shares

Ma Yun and Cai Chongxin substantially increased their holdings in Alibaba shares
07:30, January 24, 2024 Market information

Transfer from: financial sector

This article originates from: Home of IT

According to the Science and Technology Innovation Board Daily, Alibaba Group founders Ma Yun and Cai Chongxin significantly increased their holdings in Alibaba shares.

According to the report, Cai Chongxin's family fund increased its holdings of Alibaba shares worth 150 million dollars, while Ma Yun also increased his holdings in a large amount over the same period, but did not disclose the specific amount.

Alibaba Group confirmed the news. Alibaba Group said that this reflects its commitment to Afghanistan

The prospect of Alibaba is very promising, and it is full of confidence in the company's future development, management team and strategic direction. In addition, this also strongly responds to the rumor that Jack Ma sold Alibaba some time ago. Jack Ma is not only "not selling a share", but also increasing his holdings.

In 2023, Alibaba repurchased a total of 897.9 million ordinary shares (equivalent to 112.2 million American depositary shares) at a total price of 9.5 billion US dollars (about 68 billion yuan), making it the largest Internet company in China.

IT Home noticed that in November last year, it was reported that Ma Yun Family Trust planned to reduce its holdings of 10 million Alibaba shares, with a market value of more than 870 million dollars. Then Jiang Fang, the partner and chief talent officer of Alibaba Group, posted a post on Alibaba's intranet and replied, "Jack Ma has not sold any shares". Jiang Fang mentioned in the post: "In order to invest funds in agricultural science and technology and public welfare projects at home and abroad, Mr. Ma's office signed a share reduction contract with the stockbroker earlier this year in accordance with the provisions of the U.S. SEC 10b5-1. According to regulations, in mid November, the office will announce this future share reduction plan with the conditions raised. The selling price set at that time in August was much higher than the current stock price, so Mr. Ma didn't sell any shares! "

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Editor in charge: Jiang Yuhan

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