Alibaba says founders’ loans pose no risk as borrowings are easily manageable due to daily trading volume

//Alibaba says founders’ loans pose no risk as borrowings are easily manageable due to daily trading volume

Alibaba says founders’ loans pose no risk as borrowings are easily manageable due to daily trading volume

Jack Ma, the founder of one of the largest publicly traded Chinese technology companies, has settled all the equity financing that involved the use of his stake in Alibaba Group Holding since its 2014 initial public offering (IPO) in New York, according to a company statement. Ma, whose Alibaba stake stood at 4.8 per cent as of July 2020, no longer has any loans collateralised with shares of the Hangzhou-based company, according to the statement. Joe Tsai, an Alibaba co-founder with a 1.6 per…

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By | 2021-07-02T16:33:30+00:00 July 2nd, 2021|Technology|Comments Off on Alibaba says founders’ loans pose no risk as borrowings are easily manageable due to daily trading volume