New York Alibaba founder Jack Ma has sold billions of dollars worth of his shares in the Chinese ecommerce company over the past year as its stock has skyrocketed by about 50%. Ma, one of China's richest people, cut his stake from 6.2% to 4.8%, according to the company's annual report.
The report did not say when Ma sold his shares or for how much. At the current market price, the stake would be worth about $8.2 billion. Ma retired last year as the company's executive chairman at the age of 55 and said he would devote his time to philanthropy. In May, Alibaba said its digital platforms now account for one-sixth of all retail sales in China and it expected to grow even more as the Covid-19 pandemic drove more consumers and business online.
Nganuman Plano Niya? baka mag abot NG kwalta sa mga dukha... Wishful thinking po... Wish ko Lang naman.
Buddy dumpy trumpy
stoolpresidente 👀
Excellent move, let's hope China doesn't notice he's divesting his interest in anything that has to do with China.
JackMa can you spare a dime? 🙄
That guys face is way to small for his head and looks like your typical Bond villain
Democrats eat babies in America! Fact
And donates to the poor or to medical research, I'll bet not
no shit.... are we baffled?
Communist Chinese Govt spending billions pushing up share prices, CCP linked Chinese Billionaires selling shares for cash. 😀. They must be learning from Trump. 😂
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