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Alibaba founder cashes out billions in shares

Alibaba founder Jack Ma has sold billions of dollars worth of his shares in the Chinese ecommerce company over the past year as its stock has skyrocketed by about 50%. Ma, one of China's richest people, cut his stake from 6.2% to 4.8%, according to the company's annual report.

source https://www.cnn.com/2020/07/13/business/jack-ma-alibaba-shares-sale/index.html