Wednesday, November 22, 2023

Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M (Jane Zhang/Bloomberg)

Jane Zhang / Bloomberg:
Internal Alibaba memo: Jack Ma has not yet sold any Alibaba stock due to the price not reaching his desired level; Ma planned to sell 10M shares for ~$870M  —  - Ma earlier planned to sell 10 million shares this week  — Alibaba's overhaul in doubt after canceling cloud spinoff



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...