Jack Ma's family plans to reduce its holdings in Alibaba shares by US$870.7 million

News from this site on November 16, according to 144 documents disclosed on the official website of the U.S. Securities and Exchange Commission (SEC), Jack Ma Family Trust JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) ) plans to reduce its holdings of 5,000,000 Alibaba founder shares on November 21, involving a total stock market value of US$870.7 million (note on this site: currently approximately 6.313 billion yuan).

## Alibaba will announce quarterly earnings from July to September. The company's Hong Kong stock closing price today was HK$81.35, down 2.22%

It is worth mentioning that recently, Tabby, an online consumer credit platform headquartered in Riyadh, announced the completion of Series D financing, raising a total of US$200 million. (approximately RMB 1.46 billion), with a total valuation of US$1.5 billion (approximately RMB 11 billion). Among the investors in Tabby’s Series D financing, “Blue Pool Capital” is impressively listed, which is a family wealth fund jointly established by Jack Ma, Cai Chongxin and others.

Advertising statement: The external jump links (including but not limited to hyperlinks, QR codes, passwords, etc.) contained in the article are used to convey more information and save selection time. The results are for reference only. All articles on the site contain this statement.

The above is the detailed content of Jack Ma's family plans to reduce its holdings in Alibaba shares by US$870.7 million. For more information, please follow other related articles on the PHP Chinese website!