Jack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources

Aug 25, 2026

Alibaba Group Holding founder Jack Ma has bought more than HK$600 million worth of the company’s Hong Kong-listed shares on consecutive days, according to people familiar with the matter, a show of confidence in the firm’s long-term prospects for artificial intelligence. The purchases showed Ma’s “strong confidence for Alibaba to realise its AI ambitions and capture the long-term growth opportunities ahead”, one source said. Meanwhile, Alibaba chairman Joe Tsai and CEO Eddie Wu Yongming spent a...

Frontal Report

Frontal Report is an emerging leader in all forms of media. We aim to be the leading news brand for readers around the world.