Alibaba co-founders buy more than $200 million worth of shares, sending stock up
Publishing timestamp: 2024-01-23 16:04:18
Summary
Alibaba co-founders Jack Ma and Joe Tsai have acquired shares worth over $200 million in recent months. This has caused the company's stock to rise by around 8%. The acquisition was made through Blue Pool, an entity linked to Tsai's family office, and Ma's purchase of Alibaba's Hong Kong stock. The article also mentions the challenges Alibaba has faced, including regulatory pressure and the cancellation of the spinoff of its cloud business.
Sentiment: MIXED
Tickers: BABA,
Keywords: breaking news: technology, business, jack ma, business news, alibaba group holding ltd, technology, breaking news,
Source: https://www.cnbc.com/2024/01/23/alibaba-stock-jack-ma-joe-tsai-buy.html