Alibaba Group founders Jack Ma and Tsai Chongxin have recently increased their holdings of Alibaba shares significantly. It is understood that a 13F document on the US Securities Regulatory Commission website shows that the Tsai Chongxin family fund BluePool has increased its holdings of Alibaba shares worth US$150 million. According to sources quoted by DealBook, the financial column of the New York Times, Jack Ma, founder of Alibaba Group, also increased his holdings of Alibaba shares in a large amount during the same period.
In 2023, Alibaba repurchased a total of 897.9 million ordinary shares (equivalent to 112.2 million American depositary shares) at a total price of US$9.5 billion (approximately RMB 68 billion).
Alibaba Group's announcement shows that as of December 31, 2023, the company's outstanding common shares are 20 billion shares (equivalent to 2.5 billion American depositary shares). Compared with 20.7 billion ordinary shares (equivalent to 2.6 billion American depositary shares) as of December 31, 2022, its shares outstanding through the share repurchase program decreased by a net 3.3% over the past 12 months.
As of December 31, 2023, Alibaba Group still has a repurchase quota of US$11.7 billion under the share repurchase plan authorized by the board of directors, which is valid until March 2025.