Alibaba says founders’ loans pose zero margin call risk as borrowings are manageable due to daily trading volume

Source: Tech – South China Morning PostJack Ma, the founder of one of the largest publicly traded Chinese technology companies, has settled all the equity financing that involved the use of his stake in Alibaba Group Holding since its 2014 initial public offering (IPO) in New York, according to a company statement.Ma, whose Alibaba stake stood at 4.8 per cent as of July 2020, no longer has any loans collateralised with shares of the Hangzhou-based company, according to the statement.Joe Tsai, an Alibaba co-founder with a 1.6 per…Read More

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