{"slug": "jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources", "title": "Jack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources", "summary": "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, signalling confidence in the firm's AI ambitions, according to sources. Alibaba chairman Joe Tsai and CEO Eddie Wu Yongming also spent a cumulative HK$202 million acquiring shares over the past two days, following the company's first new share issuance since 2019, one of the biggest fundraising efforts by a Chinese firm dedicated to AI development.", "body_md": "# ExclusiveJack Ma buys HK$600 million of Alibaba shares, signalling AI confidence: sources\n\nFounder’s HK$600 million personal investment comes as Alibaba chairman and CEO also purchased shares after company’s first issuance since 2019\n\n[Coco Feng](/author/coco-feng)in Guangdong\n\nAlibaba 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.\n\nThe purchases showed Ma’s “strong confidence for Alibaba to realise its AI ambitions and capture the long-term growth opportunities ahead”, one source said.\n\nMeanwhile, Alibaba chairman Joe Tsai and CEO Eddie Wu Yongming spent a cumulative HK$202 million acquiring shares over the past two days, according to Hong Kong stock market filings.\n\nTsai bought about HK$82 million in shares on Tuesday, following an HK$80 million purchase on Monday – the same day Wu chipped in roughly HK$40 million.\n\nThe personal investments came after a new share issuance announced by the company on Sunday, one of the biggest fundraising efforts by a Chinese firm dedicated to AI development.\n\nAlibaba, which owns the South China Morning Post, did not immediately respond to a request for comment on Tuesday.\n\nAlibaba shares gained 1.5 per cent to close at HK$114.20 in Hong Kong on Tuesday.", "url": "https://wpnews.pro/news/jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources", "canonical_source": "https://www.scmp.com/tech/big-tech/article/3365217/jack-ma-buys-hk600-million-alibaba-shares-signalling-ai-confidence-sources?utm_source=rss_feed", "published_at": "2026-08-25 10:45:10+00:00", "updated_at": "2026-08-25 11:12:38.201032+00:00", "lang": "en", "topics": ["artificial-intelligence"], "entities": ["Jack Ma", "Alibaba Group Holding", "Joe Tsai", "Eddie Wu Yongming", "Hong Kong Stock Exchange"], "alternates": {"html": "https://wpnews.pro/news/jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources", "markdown": "https://wpnews.pro/news/jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources.md", "text": "https://wpnews.pro/news/jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources.txt", "jsonld": "https://wpnews.pro/news/jack-ma-buys-hk-600-million-of-alibaba-shares-signalling-ai-confidence-sources.jsonld"}}