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Joseph Tsai, Eddie Wu Increase Stakes in BABA-W, Involving Total of HKD120M
2026-08-24 17:58:42 BABA-W (09988.HK) Chairman Joseph Tsai and CEO Eddie Wu increased their holdings in the group's shares through on-market purchases today (24th), involving a combined investment of nearly HKD120 million, as revealed by HKEX disclosures of interests. The move reportedly highlights their steadfast confidence in the long-term development of Alibaba's AI business. Among them, Tsai purchased 720,000 Hong Kong shares of the company at an average price of HKD112.0803 per share, involving approximately HKD80.6978 million. Wu purchased 350,000 Hong Kong shares at an average price of HKD111.6359 per share, involving a total amount of approximately HKD39.0726 million. Upon completion, Tsai's and Wu's shareholdings in the group increased to 1.43% and 0.29%, respectively. ~ AASTOCKS Financial News Website: www.aastocks.com | |