Alibaba Group Holding LtdJack Ma's $76.5M stock purchase signals confidence amid AI push, offsetting dilution concerns.

Alibaba co-founder Jack Ma has reportedly purchased more than HK$600 million, or roughly $76.5 million, of the company's Hong Kong-listed shares, joining Chairman Joe Tsai and CEO Eddie Wu in buying stock during a period of heightened volatility. The purchases come after Alibaba announced an HK$80 billion ($10.2 billion) share placement to fund its AI infrastructure, chips, and models, which triggered a sell-off on dilution and spending concerns. Tsai and Wu have collectively bought at least $25 million of stock, while Ma's larger investment signals confidence in Alibaba's long-term AI opportunity. The company's June-quarter profit fell 75% year-over-year to RMB10.4 billion, while capital expenditure surged 75% to RMB67.7 billion ($10 billion). Analysts remain bullish, with a consensus "Strong Buy" rating and an average price target of $182.29, implying a 56.8% upside.
Alibaba Group Holding LtdJack Ma's $76.5M stock purchase signals confidence amid AI push, offsetting dilution concerns.
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