Joseph Tsai increased his holdings of Alibaba shares by approximately 1.45 million shares in the past 4 months

China Finance Online
2024.09.15 08:38
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Alibaba co-founder Joseph Tsai has increased his holdings of Alibaba stock by approximately 1.45 million shares in the past four months, bringing his total holdings to 276.75 million shares, accounting for about 1.44%. Alibaba completed its dual primary listing in Hong Kong on August 28th and was officially included in the Stock Connect on September 10th, with a trading volume of HKD 8.636 billion on the first trading day. According to the latest financial report, Alibaba's revenue for the first quarter of the 2025 fiscal year was RMB 243.236 billion, an increase of 4% year-on-year, but net profit decreased by 27% year-on-year