SHANGHAI - Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm’s annual filing released on Friday showed.
Alibaba did not disclose the average selling price of his divestment. Its share price has risen around 40% since Ma reported his 6.2% holding in the company a year ago. Alibaba Executive Vice Chairman Joseph Tsai also reduced his stake in the company over the same period, to 1.6% from 2.2%. The offloaded shares were worth $3.3 billion as of Friday.
He is a member of the Communist Party of China.
Where is he now ? He has been absent from view for two months ? Is Xi Jinping dead ? Sick ? Scared and in hiding ? Last reports say he has been hiding in the underground tunnels of Quinan. Others have expressed he is sick with a lung infection. XiJinping LungInfection Quinan
The rest goes to CCP as 'Tax'.
Smart money selling to dumb money
I have never liked that man
Their phone app sucks. Just another example of a US trained Chinese national that is using Chinese gov market protection to exploit what he ripped off from the US.
Andrew Olewe, crippled for 18 years can now walk
Historic! Very shocking to see Cripple legs restored
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What if China gets involved,can he survive..
三個字，白手套｡
He is just a running dog of the heads of CCP! You can call him the white glove. Sad for him.
шоб потом не говорили , шо грею мало . Печать , притаранте .
... ciao..
That Persian dark story (“Ali Baba and 40 thieves”—vicious in version) was another popular just like Aladin. But even the last ones was principally not educative.
Ericsson or Samsung
Getting ready to get out of the dictatorship that Hong Kong has become.
Welcome to china's version of capitalism
China taking over his business, if you’re not happy you get thrown of the window...
Yeah sure !
rubbish Ma
Nope watch the birdie !
Nop China go to blok !
that's what 20%. not nothing. on other hand my understanding is that AlibabaGroup is a useful utility for international trade. marries east and west business wise for production. suspect will grow from here.
Billionaire bastard. Give our money back!!!!
He does look like an alien!
Jack ma chose to play safe! The question is why now?!
smart
He wants to die on the beach, not in the office is his famous saying - he knows well the risk of dying in the office like many other Chinese billionaires.
bezos does that, amzn goes up. ma does that, baba goes up. good to know. next
corrupt system that removed the founder
Simple, because his Party bosses need money now—when a ship is about to sink, mices know better...
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