Joseph Tsai increased his holdings of Alibaba shares by approximately 1.45 million shares in the past 4 months
Alibaba co-founder Joseph Tsai has increased his holdings of Alibaba stock by approximately 1.45 million shares in the past four months, bringing his total holdings to 276.75 million shares, accounting for about 1.44%. Alibaba completed its dual primary listing in Hong Kong on August 28th and was officially included in the Stock Connect on September 10th, with a trading volume of HKD 8.636 billion on the first trading day. According to the latest financial report, Alibaba's revenue for the first quarter of the 2025 fiscal year was RMB 243.236 billion, an increase of 4% year-on-year, but net profit decreased by 27% year-on-year
IT Home reported on September 15th that Alibaba officially completed its dual primary listing in Hong Kong on August 28th. According to Securities Times, Alibaba disclosed that as of August 28th, Alibaba's co-founder and chairman Joseph Tsai held 276.75 million shares of the company, accounting for approximately 1.44%. Previously disclosed information showed that as of May 20th, Tsai held 275.30 million shares of Alibaba. This means that in the past four months, Tsai has increased his holdings by approximately 1.45 million shares of Alibaba.
According to IT Home, Joseph Tsai not only serves as the chairman of Alibaba but also as the chairman of Cainiao Network. At the 2024 Global Smart Logistics Summit on September 10th, Tsai mentioned that Alibaba encourages Cainiao Network to build a logistics network for open markets, serve diverse customer needs, and become the infrastructure for global business partners. In the next three years, Cainiao plans to implement 1,000 digital projects globally.
Alibaba was recently officially included in the Stock Connect program. On September 9th, the Shanghai Stock Exchange and the Shenzhen Stock Exchange announced that Alibaba would be formally included in the Stock Connect program starting from September 10th. This means that southbound funds can purchase Alibaba shares through the Stock Connect program. On the first trading day, the total turnover of active stocks through Stock Connect was 18.177 billion Hong Kong dollars, accounting for 50.52% of the total turnover that day, with Alibaba-W's turnover reaching 8.636 billion Hong Kong dollars, ranking first.
According to Alibaba's financial report for the first quarter of the 2025 fiscal year released on August 15th, for a quarter ending on June 30, 2024, Alibaba achieved revenue of 243.236 billion yuan, a year-on-year increase of 4%; adjusted EBITDA was 51.161 billion yuan, a year-on-year decrease of 2%; net profit was 24.022 billion yuan, a year-on-year decrease of 27%; net profit attributable to ordinary shareholders was 24.269 billion yuan, a year-on-year decrease of 29%
