BEIJING, January 24 (AsianFin) – Chinese e-commerce giant Alibaba’s founder Jack Ma bought US$ 50 million worth of Hong Kong-listed shares in the fourth quarter of 2023, making him the behemoth’s largest shareholder, according to a regulatory filing. SoftBank, Alibaba’s once largest shareholder, reduced its stake from about 7% in December 2022 to about 2% in March 2023 and less than 0.5% in May 2023. Alibaba Group Chairman Joe Tsai purchased about US$151 million worth of Alibaba's U.S.-listed shares through his Blue Pool Management family investment tool in the past year. In 2023, Alibaba repurchased a total of 897.9 million shares of common stock (equivalent to 112 million American Depositary Shares) at a total price of US$9.5 billion, making it the Chinese Internet company with the biggest buyback amount.