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Market Chatter: Jack Ma Buys Over HK$600 Million in Alibaba Shares

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Alibaba Group (HKG:9988) founder Jack Ma purchased over HK$600 million worth of the company's Hong Kong-listed shares in recent days, the South China Morning Post reported Tuesday, citing people familiar with the matter.

Alibaba co-founder and Chairman Joseph Tsai and CEO Eddie Wu also invested HK$201.5 million collectively over the same period, according to data from the Hong Kong bourse.

Tsai bought 1.4 million shares for roughly HK$162.4 million on Monday and Tuesday, while Wu bought 350,000 shares for HK$39.1 million on Monday.

Alibaba did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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