Jack Ma and Joe Tsai, co-founders of Alibaba, have been buying up shares in the company, with Ma reportedly purchasing around $50 million worth of stock in the fourth quarter of 2023. This move comes as Alibaba's stock has plummeted to a fraction of its 2020 peak, suggesting that Ma and Tsai believe the business is undervalued. The purchases have totaled over $200 million, leading to a surge in Alibaba's stock price. Ma now stands as Alibaba's largest individual shareholder, surpassing SoftBank Group. The news has provided a positive signal to investors as Chinese stocks weather a market rout.
Jack Ma becomes Alibabaβs largest shareholder after acquiring more of its slumping shares https://t.co/AgeOqWkOQh
Alibaba's founder, Jack Ma, purchased approximately $50 million worth of Alibaba stocks in the fourth quarter of 2023, increasing his ownership stake to over 4.3%, surpassing SoftBank Group. He now stands as Alibaba's largest individual shareholder. ππ€ #china #technology https://t.co/kMVfxSuK86
Alibaba Stock Jumps as Jack Ma Bets Big. Is He Falling Into His Own Value Trap? https://t.co/ZxyyD0s5N8
$BABA | Alibaba's Jack Ma and Joe Tsai Amplify Stakes, Sparking Stock Surge Amid Management Shakeup https://t.co/dB1P8VWOGF
Alibaba shares boosted by Jack Ma and Joe Tsai buying $200 million worth of stock https://t.co/BOnHqfx0nB
Alibaba gained its most in six months on news co-founders Jack Ma and Joseph Tsai have bought some $200 million of its shares, offering investors a positive signal as Chinese stocks weather a market rout. https://t.co/g1XMiYqJ6g
Alibaba shares rise as Jack Ma, Joe Tsai bump up shareholding https://t.co/HbqnvQTYOd
Sources: Jack Ma and Joe Tsai become Alibaba's largest shareholders after buying shares worth ~$50M and ~$150M, respectively, in Q4, together eclipsing SoftBank (@xinzhou / South China Morning Post) https://t.co/UNLjipnH8u https://t.co/VeJ2Vz7kjy
#Alibaba surges over 6% in HK after its US-traded shares jumped nearly 8%, on news that Jack Ma and Joe Tsai have been buying up shares in Alibaba as they believe the business is undervalued. https://t.co/haGgRmRP6L https://t.co/UeeHbjXVoU
Jack Ma (he's alive!) bought $50mn in Alibaba $BABA and Joe Tsai bought $150mm ($200mn total) according to filings Ma currently has no role at the company, but Tsai is very active Tsai purchase below: $KWEB $FXI $BIDU $JD $PDD https://t.co/r9hZHZFbKW
JACK MA BOUGHT $50 MILLION WORTH OF $BABA STOCK IN Q4: NYT
Alibaba, $BABA, co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares of $BABA in the fourth quarter, per the NYT
Alibaba gains as Jack Ma, Joe Tsai Bbuy $200 million in stock https://t.co/HSZCaNmXHA via @business
Jack Ma bought Alibaba shares worth $50 mln in fourth quarter - NYT https://t.co/hDvZkcEwOB https://t.co/bbKpN5El0D
Jack Ma is reported to be a major $baba stock buyer over last few months Stock up 6% from OrderFlow level $70 Now $73
Alibaba's insiders doubled down in Q4. ~$200M in company stock (source: NYT): π€ Chairman Joe Tsai $151M in US stock. π€ Co-founder Jack Ma $50M in HK stock. π $BABA's market cap at ~$180B. π $9.5B in stock buybacks during 2023. Here's a look at their latest quarter. https://t.co/EJOLD2jUcW
β οΈ JACK MA BOUGHT ALIBABA SHARES WORTH $50 MILLION IN FOURTH QUARTER - NYT (Reuters) Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending theβ¦ https://t.co/Nz7WhjjpRz
Alibaba shares jump after the New York Times reports that founder Jack Ma has been buying up shares in the company https://t.co/9oQNoNrx4Q
Alibaba co-founders buy more than $200 million worth of shares, sending stock up https://t.co/G1io5QLLe1
$BABA (+6.5% pre) Jack Ma has allegedly stepped back into the spotlight and is buying the dip in the company he originally founded This is the first major purchase from Ma since Alibaba collapsed following the pandemic https://t.co/UmqtvIqmLX
'Jack Ma has been buying up shares in Alibaba, as has Joe Tsai. It is the latest twist for Alibaba, and it suggests that Ma and Tsai believe the business is undervalued after its stock has plummeted to a fraction of its 2020 peak.' https://t.co/9D3ASnx3S9
Jack Ma reportedly has been buying $baba shares https://t.co/6kGsyROp7d