Cai Chongxin, co -founder of Alibaba, plans to sell Alibaba shares worth about 260 million US dollars (below, about S $ 353 million) through Morgan Stanley.
Bloomberg reported that, according to The Washington Service data, a holding company owned by Cai Chongxin submitted documents this month and plans to sell 3 million Alibaba US deposit certificates (ADR) through Morgan Stanley, accounting for approximately accountingAbout 8%of Alibaba's equity held by Cai Chongxin.Calculated at the closing price last Thursday (December 15), this part of the equity is about $ 260 million.
It is reported that Cai Chongxin has continuously expanded investment outside Alibaba through Blue Pool Capital through the family office in Hong Kong.Lanchi Capital mainly manages US stocks, venture capital and real estate investment.
In January this year, Lanchi Capital bought a New York top luxury home unit held by the well -known hedge fund manager Dan Och for $ 188 million.In addition, Lanchi Capital also manages Cai Chongxin's sports investment, including Brooklyn Nets.
According to the Bloomberg Billionaire Index, Cai Chongxin, now 58, has a personal net worth $ 5.8 billion.He was born in Taiwan and now holds Canadian citizenship. In 1999, he resigned from an investment bank with an annual salary of $ 700,000, joined Alibaba, and received a monthly salary of only $ 50 at that time.
When Alibaba was listed in 2014, Cai Chongxin began to sell its holdings in Alibaba.From 2017 to 2021, he sold at least $ 3.3 billion in shares.
