CaixinBuying of Hong Kong-listed shares follows Alibaba's announcement offering 710m new sharesAlibaba Group founder Jack Ma has purchased more than HK$600 million of Alibaba's shares since the company announced an equity placement on Aug. 23. © ReutersBAO YUNHONG, CaixinAugust 26, 2026 15:03 JST
Alibaba Group founder Jack Ma and top executives have purchased more than 800 million Hong Kong dollars ($102 million) worth of the company's Hong Kong-listed shares in recent days to shore up market confidence following a record HK$80 billion share placement.
