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Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping — Blankdot

thenextweb.com4 weeks ago

Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

Alibaba shares fell 8.4%. Then Joe Tsai and Eddie Wu went shopping

Alibaba’s two most senior executives bought about $15.3m of their own company’s shares on Monday. The stock had just fallen further than at any point in more than a year. Chairman Joe Tsai and chief executive Eddie Wu spent a combined HK$120m, according to filings with the Hong Kong exchange. What…

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