Alibaba's top exec shares post to quell staff concern over Jack Ma's share sale

Alibaba's top exec shares post to quell staff concern over Jack Ma's share sale

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song

A top Alibaba executive told staff on Wednesday that it was a “coincidence” that a plan by former chief Jack Ma’s family trust to sell some shares in firm was disclosed on the same day the firm scrapped its cloud unit’s listing.

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