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Jack Ma Increases Stake, Buys Over HKD 600 Million in Alibaba Shares

According to sources speaking to the Science and Technology Innovation Board Daily on the 25th, as Alibaba initiates a placement financing, Alibaba founder Jack Ma has been increasing his stake in Alibaba's Hong Kong shares for several consecutive days, with the total amount exceeding HKD 600 million, expressing strong confidence in Alibaba's AI prospects.

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