Jack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources

SCMP TechAugust 25, 2026en

Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company’s Hong Kong-listed shares on consecutive days, according to people familiar with the matter, a show of confidence in the firm’s long-term prospects for artificial intelligence. The purchases showed Ma’s “strong confidence for Alibaba to realise its AI ambitions and capture the long-term growth opportunities ahead”, one source said. Meanwhile, Alibaba chairman Joe Tsai and CEO Eddie Wu Yongming spent a...

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