Recently, the SEC website in the United States revealed the plan to reduce the holdings of the Jack Ma family trust entity, which hit a social media hot search yesterday.
The lawyer in Jack Ma's office clearly replied that the disclosed sale plan is a long-term plan. The plan currently does not have any actual reduction in holdings. Jack Ma is firmly optimistic about Alibaba, and the current stock price is far below its actual value. He will still firmly hold Alibaba's stock.
On November 16th, according to documents disclosed on the official website of the Securities and Exchange Commission (SEC), Jack Ma's family trust JC Properties Limited and JSP Investment Limited plan to sell the founder's shares of Alibaba on November 21st, reducing their holdings of 5 million American Depositary Shares (ADSs) respectively. According to Alibaba's calculation of $87.070 per share on November 15th Eastern Time, this stock reduction involves a total market value of $870.7 million.