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 November 22, stating that "Jack Ma has not sold a single share". In addition, regarding the recent rumors that Alibaba is about to lay off 25000 employees, Jiang Fang revealed that she has reported to the police to hold the rumor makers accountable.
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".
According to Jiang Fang, Jack Ma's office, in order to invest in agricultural technology and public welfare projects both domestically and internationally, needed funds. 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.
The external hype that Jack Ma is selling a huge amount of stocks shows a lack of confidence in Alibaba's business, completely disregarding the fact that this is a long-term plan and Jack Ma believes that Alibaba's business will further increase in value and sets a higher selling price. Jiang Fang also conveyed to all Alibaba people through the intranet that Jack Ma is firmly optimistic about Alibaba. "Alibaba's stock is currently significantly lower than Alibaba's actual value, and he will not sell it.
After Jiang Fang posted, Alibaba Chairman Cai Chongxin also said, "As long as we have an open mindset and innovative thinking, we have the opportunity to create another unique Alibaba