Alibaba co -founders Ma Yun and Cai Chongxin increased their holdings of about 200 million US dollars (S $ 268 million) Alibaba's stock, the company's US stocks rose by 8%, the largest increase in six months.
According to Bloomberg, the New York Times reported on Tuesday (January 23), local time reported that after Ma Yun and Cai Chongxin purchased Alibaba's shares, the company's shares rose by 8%.
According to reports, Ma Yun purchased about $ 50 million in Alibaba stocks in the fourth quarter; the current chairman of Alibaba Group Cai Chongxin purchased about $ 150 million in stock through his family investment tools.
In the context of China's weak economic recovery and lack of investor confidence, Alibaba's market value has fallen by 40 % in the past year, and the market value was once more than another e -commerce platform.
It is reported that it is unclear whether Jack Ma's actions indicate that his position has reversed over the years, that is, gradually selling company shares while focusing on his own project.According to the documents submitted last year, Ma Yun disclosed a plan to sell about $ 870 million and 10 million shares on November 21.
