Facebook Twitter Instagram
    Trending
    •  Messi Passes 100 International Goal-Mark
    • Bali: Russian Man To Be Deported For Posing Naked On Sacred Mount Agung
    • Adidas Backtracks On Black Lives Matter Design Opposition
    • Davido, PUMA Partner On New Fashion Collection
    • Angelique Kidjo Wins 2023 Polar Music Prize
    • Domestic Airfares Jumped By 66% In 2022 – NBS
    • Labour Party Cuts Gov Nomination Fees From N25m To 15m
    • Bukayo Saka Best Player Apart From Messi – Tony Adams 
    Facebook Twitter Instagram YouTube
    Sync News NigSync News Nig
    • NEWS
      • Business & Economy
      • Politics
      • Banking & Finance
      • Tech & Innovation
      • Health
      • World
    • BRAND NEWS
    • SPORT
      • Football
      • Boxing
      • Basketball
    • ENTERTAINMENT
      • Celebrities
      • Music
      • Movies
    • FEATURED
    • TRAVELS & LIFESTYLE
      • Beauty &Health
      • Fashion
      • Food, Travel, Arts & Culture
      • Relationships & Weddings
    • SYNC TV
    Sync News NigSync News Nig
    Home»News»Jack Ma Sells $9.6 Billion Worth Shares
    News

    Jack Ma Sells $9.6 Billion Worth Shares

    Deborah AdegokeBy Deborah AdegokeJuly 14, 2020No Comments1 Min Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.4%, cashing out around $9.6 billion at its current share price, the firm’s annual filing released on Friday showed.

    The divestment comes as Ma retired as the Chinese e-commerce company’s executive chairman in September and pulled back from formal business roles to focus on philanthropy.

    Alibaba did not disclose the average selling price of his divestment. Its share.

    Google To Invest $10 Billion In India

    Throughout this year, the two have donated millions of units of personal protective equipment (PPE) via their individual charity arms to hospitals worldwide to help fight the spread of COVID-19.

    An April 2019 filing with the U.S. Securities and Exchange Commission stated that Ma would plan to sell up to 21 million shares within one year to support his philanthropic efforts.


    Alibaba Group Holding Ltd Jack Ma
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Deborah Adegoke

    Related Posts

    Bali: Russian Man To Be Deported For Posing Naked On Sacred Mount Agung

    March 29, 2023

    Domestic Airfares Jumped By 66% In 2022 – NBS

    March 29, 2023

    Labour Party Cuts Gov Nomination Fees From N25m To 15m

    March 29, 2023

    Leave A Reply Cancel Reply

    Recent Posts
    •  Messi Passes 100 International Goal-Mark
    • Bali: Russian Man To Be Deported For Posing Naked On Sacred Mount Agung
    • Adidas Backtracks On Black Lives Matter Design Opposition
    • Davido, PUMA Partner On New Fashion Collection
    • Angelique Kidjo Wins 2023 Polar Music Prize
    Recent Comments
    • buy cheap neurontin on TAJBank Launches e-Commerce Business ‘TAJMall’
    • FUCK SHEMALES on TAJBank Launches e-Commerce Business ‘TAJMall’
    • TRAVESTIS BAHIA on TAJBank Launches e-Commerce Business ‘TAJMall’
    • vivo slot on Ondo Deputy Governor Officially Resigns From PDP
    • lina on Edo 2020: Court Bars Gov. Obaseki From Participating In PDP Primary
    Archives
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • March 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • December 2018
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Facebook-f Twitter Instagram
    • Banking & Finance
    • Business & Economy
    • Health
    • Politics
    • World
    • Tech & Innovation

    Copyright ©, 2020-2021 syncnewsng.com. All Rights Reserved