Jack Ma, co-founder of Alibaba, has been actively purchasing shares of the company, according to a report by the New York Times. In the fourth quarter, Ma bought $50 million worth of Alibaba stock, marking his first major purchase since the company's valuation plummeted following the pandemic. Chairman Joe Tsai also invested heavily, purchasing $151 million in US stock. The combined purchases by Ma and Tsai in the fourth quarter totaled around $200 million. Alibaba's stock, which is currently priced at $73, saw a pre-market increase of 6.5% following the news. The company has been conducting stock buybacks, with $9.5 billion in buybacks during 2023, while the company's market capitalization stands at approximately $180 billion.
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
$BABA #BABA Beautiful falling wedge breakout today. https://t.co/wVwraIojF8
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
LMAO π€£ This is will be single greatest day in the history of $baba stock https://t.co/HK8sR24k1D
Was inevitable. $BABA https://t.co/phvxlU9WIG
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
The higher it goes, the more investors want to have it. At $150 $BABA will be widely considered "de-risked" https://t.co/TCgi0thSyc
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
Well at least $BABA saving my portfolio. Up big pre market on the newsletter call options. π https://t.co/dPhivgMbcx
Jack Ma reportedly has been buying $baba shares
$BABA (+6.2% pre) Jack Ma Doubles Down on Alibaba (Bought $50M stock in Q4) - NYT https://t.co/k2r2bKm7Gx
$BABA +6% premkt πΈ Jack Ma Doubles Down on Alibaba Chinaβs most famous entrepreneur has been out of the spotlight after clashing with officials. But in recent months, he has been buying shares in the tech giant he co-founded as its stock has plunged. https://t.co/U7cUrPpDtS
JACK MA HAS REPORTEDLY BEEN BUYING SHARES OF ALIBABA $BABA IN RECENT MONTHS - NYT
$BABA | Jack Ma Buying Up Shares In Alibaba In Recent Months - NYT - Bought $50Mln Worth Of Stock In Q4 https://t.co/Gf3DrwFhYe
$BABA πΈ JACK MA BOUGHT $50 MILLION WORTH OF ALIBABA STOCK IN 4Q: NYT
$BABA JACK MA BUYING UP SHARES IN ALIBABA IN RECENT MONTHS: NYT
$BABA At some point it starts to go ππΎβπΎπ€¦πΎββοΈ https://t.co/PbUpX6xpd2
FinTwit: long $BABA. https://t.co/qH2v0dPDOb
$BABA p/s is .... wild af https://t.co/u1CjFVoQyi
$baba any news???