Jack Ma bought Alibaba shares worth $50m in Q4

Jack Ma bought Alibaba shares worth $50m in Q4

Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China, September 17, 2018. REUTERS/Aly Song/ File Photo

Alibaba co-founder Jack Ma and Chairman Joe Tsai bought millions worth of shares in the Chinese e-commerce giant in the fourth quarter, the New York Times reported on Tuesday, sending the company’s U.S.-listed shares up around 7%.

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