2023-11-22 12:14:22
According to mainland China’s “The Paper”, Jiang Fang said in the article: In order to obtain funds for investment in agricultural technology and public welfare projects at home and abroad, Jack Ma’s office signed a holding reduction contract with a stock broker in August this year.
Since the selling price set at that time was much higher than the current stock price, as long as the stock price did not reach the set selling price, the stock would not be sold. Therefore, in fact, one share of the stock held by Jack Ma was not sold.
Jiang Fang also said that Jack Ma is firmly optimistic regarding Alibaba. “Alibaba’s stock is currently much lower than the actual value of Alibaba, and he will not sell it.”
Jiang Fang also responded to the recent rumors that Alibaba will lay off 25,000 people in her post: “We have called the police to hold the rumor mongers accountable. We hope to see the rumor mongers take responsibility as soon as possible.”
Recently, there are rumors on the Internet that Alibaba will lay off 25,000 people, and it is said that the layoff plan has been approved following layers of application and approval by Alibaba’s human resources and social security department.
As of July 2, 2020, Alibaba’s announcement showed that Jack Ma’s Alibaba shares had been reduced by more than 233.86 million shares, with the shareholding ratio falling to 4.8%. Since then, Alibaba’s financial reports have no longer listed Jack Ma’s shareholdings.
Documents disclosed on the official website of the U.S. Securities and Exchange Commission on the 16th showed that the two British Virgin companies wholly owned by the Jack Ma Family Trust Fund, namely JC Properties Limited and JSP Investment Limited, planned to sell the shares of the founder of Alibaba on November 21. , each reduced its holdings of 5 million American depositary shares, involving a stock market value of up to US$900 million.
The document was released on the occasion of Chinese Communist Party leader Xi Jinping’s visit to San Francisco, the United States. On the 15th, following Xi Jinping met with Biden of the United States, he held a grand dinner that night to entertain American business people. In view of the deterioration of China’s economy, the outside world generally believes that Xi Jinping’s trip shows that the CCP will loosen relevant policies to boost China’s economy.
Most outsiders believe that Jack Ma’s reduction of Alibaba shares at this time is undoubtedly a blow to Xi Jinping. This shows that business tycoon Jack Ma has no expectations for Xi Jinping’s trip, and running away to avoid being “cut off leeks” once more is the top priority.
On the day the news broke, Alibaba’s stock price plummeted 9.1% in New York, and its market value evaporated by more than US$20 billion, the largest drop in more than a year.
Some people believe that the fact that Alibaba issued an internal notice denying it a week later shows that Jack Ma is once once more under pressure from the CCP.
Some netizens left messages on Weibo saying: “There is no three hundred taels of silver here”, “Alibaba is no longer the original Ali”, “It proves that Jack Ma’s return is of no use. What’s the use of having a businessman when there is no business?”, “Killing the chicken to scare the monkeys, Jack Ma is that monkey”, “He dares to sell stocks? You want to get in.”
In recent years, Jack Ma and the company he founded have been hammered by the CCP many times.
In November 2020, Ant Group’s listing in Shanghai and Hong Kong was suspended, and Jack Ma was interviewed.
In December 2020, Alibaba was placed under investigation for antitrust conduct. Although the group was in trouble, Jack Ma, who had frequently made high-profile appearances before, disappeared from public appearances and attracted public attention.
In April 2021, Alibaba was accused of violating the Anti-Monopoly Law and was fined 18.2 billion yuan.
In January 2023, Jack Ma’s shareholding in Ant Financial was “adjusted” from indirectly controlling 53.46% of the shares to only 6.208% of the voting rights, losing control of Ant Financial.
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