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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Alibaba (BABA)
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Author: jtrau   😊 😞
Number: of 77 
Subject: Re: Big news for BABA
Date: 11/17/23 12:27 PM
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When the former boss of the company sells a large block of his shares at a depressed price, this is not exactly a confidence building measure, I agree.

A few hours ago he made a statement via the South China Morning Post (Hong Kong) - Paywall:
scmp.com - Jack mas office says he remains very positive about alibaba and clarifies he will continue hold tech

Exclusive - Jack Ma’s office says he remains ‘very positive’ about Alibaba and clarifies that he will continue to hold the tech giant’s shares
Shares in Alibaba, the second-heaviest member on the Hang Seng Index with a 7.6 per cent weighting, fell by almost 10 per cent in Hong Kong
Jack Ma, who retired as Alibaba chairman in 2019, remains a major shareholder through his family trust

...

The phased sale is part of a long-standing and long term “preset conditional plan to do a partial sell-down for the future that was adopted in August and it won’t lead to any reduction of [Ma’s] holding of shares for now” and “not a single share has been sold”, according to Ma’s office. “We believe the current stock price is far below its fair value.”



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This community has written 77 posts about Alibaba. The article-length ones it recommended most:
Alibaba's Quarterly Report Review · 13 recs · 2024
BABA Pops on Ant News · 11 recs · 2023
Everything has a price · 8 recs · 2023
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