In response to rumors of Jack Ma selling a huge amount of Alibaba stock recently, Alibaba Group Partner and Chief Talent Officer Jiang Fang posted on the Alibaba intranet on the 22nd, stating: "Jack Ma has not sold a single share... Alibaba's stock is currently significantly lower than Alibaba's actual value, and he will not sell it
Alibaba Chairman Cai Chongxin also posted, saying, "As long as we have an open mindset and innovative thinking, we have the opportunity to create another unique Alibaba
In addition, regarding the recent rumors that Alibaba is about to lay off 25000 employees, Jiang Fang revealed that they have reported to the police to hold the rumor makers accountable, hoping to see them take responsibility soon.
Jiang Fang posted a post on the intranet to clarify the "dual misunderstandings"
Recently, the US Stock Exchange (SEC) released a long-term equity plan application disclosed by the Jack Ma Family Trust, which is scheduled to start on November 21st. The application is set to have the option to sell Alibaba shares under certain pre conditions. The news immediately sparked rumors such as "Jack Ma selling Alibaba stocks".
Dear friends, there have been two things about Alibaba that have been widely circulated in the past few days, but there are serious errors. I have synchronized the true information I know with everyone and welcome everyone to pass on the information I have provided to colleagues and friends who care about Alibaba's development. "Jiang Fang said.
According to Jiang Fang, Jack Ma's office needs funds to invest in agricultural technology and public welfare projects both domestically and internationally. Earlier this year, he signed a reduction contract with a stock broker in accordance with SEC 10b5-1 regulations in the United States. According to regulations, this conditional future reduction plan will be announced to the public in mid November.
November 16th happened to be the set disclosure time, but the stock broker did not know that it happened to be the day the company released its financial report. This coincidence was the reason for the first misunderstanding from the outside world. The selling price set in August was much higher than the current stock price, so Teacher Ma did not sell a single share! This is the second misunderstanding from the outside world, "Jiang Fang further explained.
Alibaba's stock is currently significantly lower than
Alibaba's actual value, he won't sell it
Since the disclosure of Alibaba's financial report and Jack Ma's family trust application on November 16th, Alibaba's stock price has suffered a heavy blow. On November 17th, the Alibaba Hong Kong stock market opened with a dive, with a decrease of about 6% compared to the previous day's closing price. After three trading days, it slightly rebounded, but the stock price still fluctuated around HKD 76 per share.
According to two previously disclosed 144 forms by the Securities and Exchange Commission (SEC), JC Properties Limited and JSP Investment Limited, wholly-owned by Jack Ma Family Trust, plan to sell Alibaba founder shares on November 21, both of which are 5 million American Depositary Shares (ADSs), with a total market value of $870.7 million.
The external hype 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 increase in value and set a higher selling price. Jiang Fang conveyed Ma Yun's firm confidence 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
On the late night of November 17th, Jack Ma's office lawyer also made it clear that the disclosed sale plan was a long-term plan. 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.
This is not a clich é, it's a fact, "said Jiang Fang.
Subsequently, Alibaba Group Chairman Cai Chongxin also left a message and replied in the post, "I have been at the company for almost 25 years. Alibaba has been facing various doubts and challenges from the beginning to the present. However, we continue to persist and have overcome one difficulty after another in these doubts and challenges. Because Alibaba's genes are to believe that the future will be better." Cai Chongxin said that today, global technology and business models are rapidly iterating, It's a challenge for everyone, but it's also an excellent opportunity. As long as we have an open mindset and innovative thinking, we have the opportunity to create another unique Alibaba
Clarify rumors of layoffs
Jiang Fang also clarified rumors of layoffs on the intranet simultaneously.
Earlier this month, rumors circulated that Alibaba was about to lay off 25000 employees.
Rumors about Alibaba's plan to lay off 25000 employees: In the past few days, this rumor has spread with a nose and an eye, and it has also created a plot of how we can apply for approval from the human resources and social security departments at all levels. "Jiang Fang mentioned in her post that the group has already called the police to hold the rumor makers accountable, hoping to see them take responsibility as soon as possible.
I don't think this is my first time debunking rumors on the intranet, and it probably won't be the last time. Since the company started its business today and has gone through ups and downs with the company over the years, we have never lacked rumors. The important thing is that every time we use faith to defeat rumors, "Jiang Fang said on the intranet, further boosting morale, We have gone from negation, questioning, and even rumors to today. Believing, believing in the future, believing in ourselves, is the power that we face all storms. Facing the future, facing the wave of technology, and facing the endless innovation, we still have many important things to do. Let's work together