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Search resuls for: "Jane Jiang"


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Hong Kong CNN —Jack Ma has put off plans to sell hundreds of millions of dollars worth of Alibaba shares after the Chinese tech giant’s stock plummeted last week. Two regulatory filings from last Thursday revealed that Ma had been looking to offload 10 million shares, worth nearly $871 million. Ma believes that the Hangzhou-based firm’s stock “is currently significantly lower than Alibaba’s actual value, and he will not sell it,” she said. Alibaba co-founder Jack Ma. Since then, the entrepreneur has kept a relatively low profile while remaining an Alibaba shareholder.
Persons: Jack Ma, Ma, Jane Jiang Fang, Alibaba, Alibaba’s, Jiang, , Joe Tsai, Henri Szwarc, Ma’s Organizations: Hong Kong CNN, CNN, JC Properties, JSP Investment, Abaca, South China Morning Post, Hong Kong, Alibaba Locations: China, Hong Kong, Alibaba, New York, Hangzhou
Alibaba cofounder Jack Ma walked back on plans to sell the company's stock. The Chinese tech giant's stock crashed last week after it nixed a plan to spin off its $11 billion cloud business. AdvertisementAlibaba cofounder Jack Ma reversed plans to sell the company's stock following a slump in its stock price last week. The company's stock sank in response, wiping out $26 billion in value over two days. But Ma isn't selling the stock since its current value is lower than its actual value, she said in the memo.
Persons: Jack Ma, , Alibaba, Ma, Jane Jiang Fang, Jiang, Ma's Organizations: Service, Reuters, Bloomberg, South China Morning, Big Tech, Baidu, Business Locations: Beijing, China,
Jack Ma, founder and executive chairman of Alibaba Group in Shanghai China on Dec. 5th, 2017. Alibaba's regulatory filings last week revealed Ma is looking to sell 10 million shares at a value of around $870 million. Alibaba founder Jack Ma held off on plans to trim his stake in the Chinese e-commerce giant after the share price fell. However, the plans to sell shares were made in August and coincidentally were made public on Nov. 16, Jiang said. The Alibaba founder has dedicated his time to teaching and research in areas such as agricultural science.
Persons: Jack Ma, Ma, Jane Jiang, Jiang, Alibaba Organizations: Alibaba Group, CNBC, Alibaba's, Beijing Locations: Shanghai China, Alibaba's U.S
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