ExclusiveJack Ma’s office says he remains ‘very positive’ about Alibaba and clarifies that he will continue to hold the tech giant’s shares

Jack Ma's office has announced that the Alibaba Group Holding founder is still very optimistic about the tech giant, despite a recent drop in the company's stock value. Ma, who stepped down as chairman in 2019, still has a significant stake in Alibaba through his family trust. His investment firms, JSP Investment and JC Properties, revealed plans to sell Alibaba shares worth $870 million in phases, starting November 21. However, Ma's office clarified that this is part of a pre-arranged plan from August and that no shares have been sold yet. They believe Alibaba's stock is undervalued. nnAlibaba's stock, which has a major impact on the Hang Seng Index, fell nearly 10% in Hong Kong. The company decided not to fully separate its cloud computing division, despite a 9% increase in revenue for the September quarter. Alibaba is also the owner of the South China Morning Post. nnSince retiring, Jack Ma has been exploring the world and engaging in educational activities. He visited agricultural research facilities in the Netherlands and Japan, and a night market in Thailand. Last year, he went to a Dutch university known for agriculture and became a guest lecturer at the University of Hong Kong, focusing on finance, agriculture, and innovation. Ma, a former English teacher, will contribute to the university's business school until 2026. He has been recognized by the University of Hong Kong and the University of Tokyo for his contributions to education and business.