Shulou(Shulou.com)11/24 Report--

CTOnews.com November 22 news, a few days ago, the U.S. Securities and Exchange Commission (SEC) documents show that Ma Yun family trust plans to reduce its stake in Alibaba, a total of $870.7 million (CTOnews.com Note: currently about 6.217 billion yuan).

According to later LatePost, Jiang Fang, partner of Alibaba and chief talent officer, posted an article on Ali Intranet today, detailing the causes and consequences of Ma Yun's office reduction.

Jiang Fang said that in order to invest in agricultural technology and obtain funds for public welfare projects at home and abroad, Ma Yun's office signed a reduction contract with stockbrokers in August this year. Because the sale price set at that time was much higher than the current share price, the stock would not be sold as long as the share price did not reach the set sale price, so in fact none of Ma Yun's shares were sold.

Jiang Fang also stressed that Jack Ma is firmly optimistic about Ali, "Ali stock is currently much lower than the actual value of Alibaba, he will not sell."

According to documents released last week on the SEC website, the Ma family trusts JC Properties Limited (a British Virgin Islands company) and JSP Investment Limited (a British Virgin Islands company) each plan to reduce their holdings in Alibaba founder shares on November 21, involving a total stock market value of $870.7 million.

In this regard, Ma Yun's office lawyer replied that the disclosed sale plan is a long-term plan, the plan has not actually reduced holdings. Jack Ma is firmly optimistic about Ali, the current stock price is far lower than the actual value of Ali, will still firmly hold Ali stock.

Alibaba, which is about to report quarterly earnings from July to September, closed down 2.22 per cent at HK $81.35.

It is worth mentioning that recently, Riyadh-based online consumer credit platform Tabby announced the completion of D-round financing, raising a total of $200 million (about 1.46 billion yuan), with a total valuation of $1.5 billion (about 11 billion yuan). In the Tabby D-round financing investor list, "Blue Pool Capital (Blue Pool Capital)" is impressively listed, which is a family wealth fund jointly established by Jack Ma and Tsai Chongxin.

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