On November 22nd, it was reported that 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, saying, "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, however, was understood as Jack Ma about to sell off Alibaba's stock, and even sparked numerous speculations and associations.
Jiang Fang made a detailed explanation on this matter in an intranet post: Teacher Ma's office signed a reduction contract with a stock broker earlier this year in accordance with SEC 10b5-1 regulations to invest in agricultural technology and public welfare projects both domestically and internationally. According to regulations, this conditional future reduction plan will be announced to the public 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 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 appreciate and set a higher selling price. Jiang Fang also conveyed to all Alibaba people through the intranet that Jack Ma is firmly optimistic about Alibaba, saying, "Alibaba's stock is currently significantly lower than Alibaba's actual value, and he will not sell it.
It is worth noting that Alibaba Group Chairman Cai Chongxin also left a message and replied in the post, "I have been at the company for almost 25 years, and 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 gene is 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
In addition, regarding the recent rumors that Alibaba is about to lay off 25000 employees, Jiang Fang mentioned in a post that "the rumor makers have been reported to the police and held accountable
Wen/Guangzhou Daily · New Flower City Reporter: Deng Li