Jack Ma buys HK$600M of Alibaba shares, signaling AI confidence
pstAsiatech · x · 2026-08-25
Alibaba founder Jack Ma purchased over HK$600 million of the company's Hong Kong-listed shares over consecutive days, sources told SCMP, signaling strong confidence in the firm's AI ambitions. Chairman Joe Tsai and CEO Eddie Wu also spent a cumulative HK$202 million acquiring shares. This follows a major new share issuance dedicated to AI development.
Related event: Jack Ma Buys Over $76 Million of Alibaba Shares to Back AI Push(2 posts)→
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