Alibaba Co-Founders' $200 Million Share Purchase Boosts Stock
Alibaba co-founders Jack Ma and Joe Tsai have purchased over $200 million worth of shares in the company, causing a 6% increase in the stock's value. This move comes amidst recent challenges faced by Alibaba, including regulatory pressure and geopolitical issues. Ma and Tsai's share acquisitions signal their confidence in the company despite its recent struggles.