Source: HKEX Disclosure Filings | August 25, 2026｜Commerce Wire
HONG KONG — Filings from the Hong Kong Stock Exchange show Joseph Tsai, Chairman of Alibaba Group (09988.HK), acquired an additional 720,000 Alibaba Hong‑Kong‑listed shares on August 25 at an average price of HK$113.47, worth approximately HK$82 million. Following the group’s new‑share placement, this is Tsai’s second consecutive day of personal on‑market purchases, bringing his two‑day total investment to HK$160 million.
On August 24, Tsai purchased 720,000 shares at HK$112 each for around HK$80 million. On the same day, Wu Yongming, Group CEO, bought 350,000 shares at HK$111.6, spending HK$40 million. Combined, the two senior executives poured more than HK$200 million into the stock across two trading sessions, signalling strong confidence in Alibaba’s long‑term value.
The insider buying came right after Alibaba completed its large‑scale share placement on August 23. The group placed 710 million new shares at HK$112.70, raising roughly HK$80 billion. The offering attracted robust demand from global sovereign wealth funds and long‑term institutional investors, recording nearly three‑times over‑subscription. Proceeds will be channelled into full‑stack AI research, computing‑infrastructure expansion, large‑model development and AI commercialisation.
Concerns over share dilution triggered sharp volatility for Alibaba’s Hong‑Kong stock on August 24. It closed at HK$112.5, down 8.54%. Market commentators point out that senior executives’ personal purchases amid share‑price pressure align personal interests with corporate growth, underpin confidence in Alibaba’s AI transformation. The moves help ease investor concerns over returns from heavy AI capex and stabilise market sentiment.
Market sources add that Jack Ma, Alibaba founder, has also carried out sizeable share purchases recently. Cumulative buying by Ma and senior management has surpassed HK$800 million. Institutional analysts note the wave of insider purchases strengthens investor expectations for Alibaba’s AI ambitions and improves sentiment across Hong‑Kong‑traded tech equities.