Jack Ma's office: Firmly optimistic about Alibaba and will still hold Alibaba shares for the long term

According to news from this site on November 17, according to Sina Technology, in response to the "Jack Ma Family Trust intends to reduce its holdings of Alibaba shares", a lawyer from Jack Ma's office responded that the sale plan disclosed this time is a long-term plan , there is currently no actual reduction in the plan. Jack Ma is firmly optimistic about Alibaba. The current stock price is far lower than the actual value of Alibaba, and he will still firmly hold Alibaba shares.

According to the 144 documents disclosed on the official website of the U.S. Securities and Exchange Commission (SEC), the website reported yesterday that the Jack Ma family trust company JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) plan to reduce their holdings of 5 million shares of the founder of Alibaba on November 21, involving a stock market value of US$870.7 million (approximately RMB 63.13 billion)

Alibaba is about to announce its quarterly earnings from July to September. The company's Hong Kong stock price closed down 2.22% to HK$81.35 yesterday.

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