Jack Ma's trust to sell $871M in Alibaba shares - Breaking The News

Jack Ma's trust to sell $871M in Alibaba shares

16 November

1 min read

EPA-EFE/JULIEN DE ROSA

Jack Ma's family trust is selling a total of 10 million American depository shares of Alibaba Group Holding Limited, the company revealed in two filings submitted to the United States Securities and Exchange Commission on Thursday.

The shares will be sold for $870.7 million via trust funds JC Properties Limited and JSP Investment Limited, the document showed.

Ma is the co-founder of Alibaba and was its executive chairman from its creation in 1999 to September 2019.

alibaba jack ma

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