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Alibaba’s Jack Ma Sells Nearly $10 Billion of Alibaba Shares

By
Shai Oster
· · Source: Reuters

Alibaba’s founder Jack Ma has sold $9.6 billion of Alibaba shares, reducing his stake in the company to 4.8% from 6.4%, based on current prices, Reuters said. The founder of China’s leading e-commerce website stepped away from operations of the company last September to focus on philanthropy. Alibaba’s Executive Vice Chairman Joseph Tsai also cut his stake, to 1.6% from 2.3%, according to...

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The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
By Chris Stokel-Walker · May 27, 2023 6:00 AM PDT
Art by Clark Miller
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core. The founder and CEO of Logikcull, a San Francisco–based legal technology company, Wilson “had the exact same reaction to ChatGPT as I had to the internet browser in the early ’90s,” he said. “But this time I knew it would be even bigger than...
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Microsoft's Satya Nadella, left, and Peter Lee. Photo by Bloomberg, Microsoft
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