According to the latest information from the Hong Kong Stock Exchange, after Alibaba announced the HK$80 billion IPO plan, Group Chairman Choi Chung-sun and CEO Wu Yongming took steps to increase their holdings of Alibaba shares by a total of about HK$120 million, casting confidence in the company's AI strategy. According to information, Cai Chongxin bought 720,000 shares of Alibaba Hong Kong shares at an average price of about HK$112, costing about HK$80 million; CEO Wu Yongming bought 350,000 Alibaba Hong Kong shares at an average price of HK$111.6, at an average cost of about HK$40 million. Together, the two increased their holdings by 1.07 million shares, for a total amount of about HK$120 million. The day before, Alibaba announced a HK$80 billion IPO, and all proceeds will be invested in full-stack AI capabilities and AI infrastructure construction. According to reports, the placement was actively subscribed by long-term investors such as global sovereign wealth funds, and eventually oversubscribed by nearly 3 times. Market participants believe that the management increased their holdings in their personal name the day after the placement was announced, showing full confidence in the company's AI strategy.

According to the latest information from the Hong Kong Stock Exchange, after Alibaba announced the HK$80 billion IPO plan, Group Chairman Choi Chung-sun and CEO Wu Yongming took steps to increase their holdings of Alibaba shares by a total of about HK$120 million, casting confidence in the company's AI strategy. According to information, Cai Chongxin bought 720,000 shares of Alibaba Hong Kong shares at an average price of about HK$112, costing about HK$80 million; CEO Wu Yongming bought 350,000 Alibaba Hong Kong shares at an average price of HK$111.6, at an average cost of about HK$40 million. Together, the two increased their holdings by 1.07 million shares, for a total amount of about HK$120 million. The day before, Alibaba announced a HK$80 billion IPO, and all proceeds will be invested in full-stack AI capabilities and AI infrastructure construction. According to reports, the placement was actively subscribed by long-term investors such as global sovereign wealth funds, and eventually oversubscribed by nearly 3 times. Market participants believe that the management increased their holdings in their personal name the day after the placement was announced, showing full confidence in the company's AI strategy.