Jack Ma's family trust to sell 10m shares in China's Alibaba

Jack Ma's family trust to sell 10m shares in China's Alibaba

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

Chinese billionaire Jack Ma’s family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings for about $871 million, the ecommerce company said in regulatory filings.

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