Jack Ma Increases Stake in Alibaba's Hong Kong-Listed Shares by Over HK$600 Million; US-Listed Stock Rises Approximately 2% in Pre-Market Trading
According to The Securities Times citing sources, as Alibaba launched a placement to raise capital, founder Jack Ma has purchased additional shares of the company's Hong Kong-listed stock over consecutive days, with a total value exceeding HK$600 million. According to Bitget market data, possibly influenced by this news, Alibaba's US-listed stock (BABA.N) rose approximately 2% in pre-market trading, following an earlier drop of more than 1%.
