马云大减持BABA股票# Stock
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Founder and executive chairman of Alibaba Group (BABA - Get Report) Jack Ma
will sell up to 16 million shares of the Chinese e-commerce giant's stock
over a 12-month period starting in October, StreetInsider reports.
The sale of the 16 million shares represents approximately 9% of the
holdings that Ma owns, and are to be sold by JC Properties Limited and JSP
Investment Limited, two companies affiliated with Jack Ma, as well as The
Jack Ma Philanthropic Foundation. At current prices, the 16 million shares
are worth about $2.8 billion.
Joseph C. Tsai, Alibaba's executive vice chairman, also announced a pre-
arranged sale of up to 5.5 million shares of the company, also to be carried
out over a 12-month period starting in October. The shares represent about
8% of Tsai's holdings in the company, and are worth $976 million at current
prices. The shares are to be sold by PMH Holding Limited and Parufam Limited
, two companies associated with Tsai, and the Joe and Clara Tsai Foundation,
Tsai's philanthropic foundation.
will sell up to 16 million shares of the Chinese e-commerce giant's stock
over a 12-month period starting in October, StreetInsider reports.
The sale of the 16 million shares represents approximately 9% of the
holdings that Ma owns, and are to be sold by JC Properties Limited and JSP
Investment Limited, two companies affiliated with Jack Ma, as well as The
Jack Ma Philanthropic Foundation. At current prices, the 16 million shares
are worth about $2.8 billion.
Joseph C. Tsai, Alibaba's executive vice chairman, also announced a pre-
arranged sale of up to 5.5 million shares of the company, also to be carried
out over a 12-month period starting in October. The shares represent about
8% of Tsai's holdings in the company, and are worth $976 million at current
prices. The shares are to be sold by PMH Holding Limited and Parufam Limited
, two companies associated with Tsai, and the Joe and Clara Tsai Foundation,
Tsai's philanthropic foundation.
