Is Jack Ma Buying or Selling Alibaba Shares?
Chinese billionaire Jack Ma has cashed in billions of dollars of Alibaba (NYSE: BABA) stock, according to recent headlines. SEC filings reveal that the Alibaba co-founder's stake in the company fell from 6.2% to 4.8% over the last year.
But there's another way to look at this: Ma owned 1.04 billion Alibaba shares on July 2, 2020. A year ago, he only controlled 162 million stubs. From that point of view, Ma's holdings multiplied by 6.4.
The confusion stems from Alibaba's dual listing on the New York Stock Exchange and the Stock Exchange of Hong Kong. Let's see what's really going on with Ma's Alibaba shares.
Source Fool.com
