In a recent 13F filing on the U.S. Securities and Exchange Commission’s website, it was revealed that Blue Pool, the family fund of Tsai Chung-hsin, has augmented its holdings of Alibaba shares by $150 million. Furthermore, Alibaba‘s founder, Jack Ma, has been significantly bolstering his stake in the company, a move that starkly contradicts previous rumors of him divesting from Alibaba.
Alibaba confirmed this news on the evening of January 23, which coincided with a surge of over 6% in the company’s pre-market shares in the U.S.
Alibaba has been one of the Chinese internet companies that most aggressively repurchasing its shares in the past year. In 2023, the company repurchased a total of 897.9 million ordinary shares (equivalent to 112.2 million American depositary shares) for a total of $9.5 billion. As of December 31, 2023, under the board of directors’ authorized share repurchase plan, Alibaba still retains a repurchase allowance of $11.7 billion, which is valid through March 2025.
Sign up today for 5 free articles monthly!
You have reached your free article limit.
Subscribe now to get unlimited access.
We also support Hindi language, do you want change to it?
हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?
We also support Punjabi language, do you want change to it?
ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?
We also support Bengali language, do you want change to it?
আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?
We also support Burmese language, do you want change to it?
ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ
We also support Nepali language, do you want change to it?
हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?
We also support Tagalog language, do you want change to it?
Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?
We also support Malay language, do you want change to it?
Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?
We also support Indonesian language, do you want change to it?
Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?
We also support Thai language, do you want change to it?
นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่