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Alibaba Company Founder Jack Ma sells $8.2 billion worth shares
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@rosewalker
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Source : flickr
Jack Ma retired as CEO of China’s e-commerce company in September and stepped down from a government business role to focus on Chankia.
Jack Ma co-founder of Alibaba Group Holdings Ltd., cut its stake in the company from $ 4.2% to $ 8.2 billion last year from 6.2% on Friday.
Alibaba executive vice president Joseph Tai also reduced its stake in the company from 2.2% to 1.6% during the same period. As of Friday, the shares had been valued at $ 3.3 billion..
The company has been involved in the regular work of Mata and Thai Alibaba since Daniel Zhang Wang was announced as the company's successor as chairman of the company. He officially took office in September 2019.
Posted Using LeoFinance
