Jack Ma bought Alibaba shares worth $50 million in fourth quarter

Jack Ma bought Alibaba shares worth $50 million in fourth quarter

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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%. Ma bought $50 million worth of Hong Kong-traded stock, the report…

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