Our reporter Yuan Chuanxi
On November 22nd, in response to recent rumors of Jack Ma selling a huge amount of Alibaba stock, Alibaba Group Partner and Chief Talent Officer Jiang Fang posted on the Alibaba intranet today, stating: "Jack Ma has not sold a single share." Chairman Cai Chongxin also posted, "As long as we have an open mind and innovative thinking, we have the opportunity to create another unique Alibaba
Recently, the US Stock Exchange released a long-term equity plan application from the Jack Ma Family Trust, which began on November 21. The application sets several pre conditions for whether to sell Alibaba shares. This information was understood as Jack Ma about to sell off Alibaba's stock, and even led to numerous malicious speculations and associations.
Jiang Fang made a detailed explanation on this matter in an intranet post: Teacher Ma's office, in order to invest in agricultural technology and public welfare projects at home and abroad, needed funds. Earlier this year, he signed a reduction contract with a stock broker in accordance with the US SEC 10b5-1 regulations. According to regulations, this conditional future reduction plan will be announced to the outside world in mid November. The selling price set in August was much higher than the current stock price, so Teacher Ma did not sell a single share!
The external speculation that he sold a large amount of stocks shows a lack of confidence in Alibaba's business, completely disregarding the fact that this is a long-term plan and that he believes Alibaba's business will further grow and set a higher selling price. Jiang Fang also conveyed Ma Yun's firm belief in Alibaba to all Alibaba people through the intranet: "Alibaba's stock is currently significantly lower than Alibaba's actual value, and he will not sell it.