Jack Ma, Joe Tsai Overtake Softbank As Alibaba's Largest Shareholders After Aggressively Buying Tech Giant's Tumbling Shares
Ma, who retired as Alibaba's executive chairman in 2019, increased his stake in the company by purchasing approximately $50 million worth of shares in the fourth quarter of 2023. This raised his stake to more than 4.3%, making him the largest single shareholder.
