Jack Ma Replaces SoftBank as Biggest Shareholder of BABA
According to mainland media reports, Jack Ma has been increasing his stake in $BABA-SW(09988.HK$ Hong Kong shares last quarter, involving about US$50 million, and his shareholding has exceeded the 4.3% reported at the end of 2021.
In addition, the US Securities and Exchange Commission (SEC) filing disclosed that Joseph Tsai, chairman of BABA, purchased US$151 million worth of the company's US ADR ( $Alibaba(BABA.US$ ) in 4Q23, making the combined shareholding of Ma and Tsai exceed that of Softbank.
In the past two years, SoftBank has been reducing its stake in BABA, from about 7% in December 2022 to less than 0.5% in May last year. Jack Ma has therefore replaced SoftBank as BABA's largest shareholder.
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Btan : Kick SoftBank out!
麦克斯007 : Selling pressure should subside, Softbank has 0.5% left
71306996 Btan: I really hate SoftBank, die
Btan : The co-founders will rebuild Baba and gain control
BL 88 : This Jerk Ma buying is BAD news to this counter. xi Jin Ping wanted Jerk Ma to vanish!