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Billionaire Alibaba Cofounder Joseph Tsai Selling 8% Stake In Retailer

Por: Forbes Business December 16, 2022

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Topline Billionaire Alibaba executive vice chairman Joe Tsai plans to sell an 8% stake in the Chinese online retailer he cofounded, according to a recent Securities and Exchange Commission filing, as headwinds coming from Beijing and Washington loom over Alibaba. Joe Tsai at a Nets-Lakers game last month.Getty Images Key Facts Tsai selected Morgan Stanley to execute the sale of three million of his Alibaba shares listed on the New York Stock... + full article



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