Alibaba’s Jack Ma sells ~$8.2bn worth shares, stake now stands 4.8%

Alibaba’s Jack Ma sells ~$8.2bn worth shares, stake now stands 4.8%

Alibaba Group Holding Ltd co-founder Jack Ma has reduced his stake in the company over the past 12 months to 4.8% from 6.2%, thus cashing out ~$8.2bn at its current share price. The divestment comes as Ma retired from the e-commerce company’s executive chairmanship in September and pulled back from formal business roles to focus on philanthropy. The avg selling of share price by Ma is not known.

Milan
Milan
Timothy
Timothy 4 weeks

Pooh bear must have told him to do that.

Ryan Keller
Ryan Keller 4 weeks

Cashing out while he can. He knows China is a sinking ship.

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