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Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8% 

Updated : July 13, 2020 12:38 PM IST

Alibaba Executive Vice Chairman Joseph Tsai also reduced his stake in the company over the same period, from 2.3 percent to 1.6 percent.
Both Ma and Tsai have been steadily less involved in Alibaba's regular operations since Daniel Zhang was announced as Ma's successor as company chairman.
Alibaba's Jack Ma sells $9.6 billion worth shares, stake dips to 4.8% 

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