Rumor has it that Ma Yun has increased his holdings of Alibaba (09988) by more than HK$600 million over the past few days, sending a signal that he is optimistic about the development of the AI business

The Zhitong Finance App learned that Alibaba (09988) management and founders have successively increased their holdings of the company's shares, sending a positive signal to the market about the AI strategy and long-term development prospects. On August 25, according to a source, as Alibaba initiated HK$80 billion IPO financing, founder Ma Yun recently continuously increased his holdings of Alibaba's Hong Kong shares, and the cumulative amount has already exceeded HK$600 million. If the above news is true, Ma Yun's huge increase in holdings means that he is expressing firm optimism about Ali's future AI business development through practical actions.

At the same time, Ali's management has also taken intensive action recently. According to information disclosed by the Hong Kong Stock Exchange, Group Chairman Choi Chung-xin previously bought 720,000 shares of Alibaba Hong Kong shares, with an average price of about HK$112, at an average cost of HK$80 million; CEO Wu Yongming bought 350,000 shares at an average price of HK$111.6, costing about HK$40 million. The two increased their holdings by 1.07 million shares in total, for a total amount of about HK$120 million.

According to the latest information, Cai Chongxin once again increased his Alibaba stock holdings by about HK$82 million on August 25. This means that it has increased its holdings for two consecutive trading days after Ali announced the distribution, and its cumulative investment has reached about HK$160 million.

Judging from this, Ma Yun, Cai Chongxin, and Wu Yongming have recently increased their holdings one after another, and the cumulative amount has already exceeded HK$800 million, which is an important signal in the context of Ali's large-scale AI capital investment.

This move to increase holdings is highly related to Ali's recent AI strategic layout. On August 24, Ali announced that it plans to raise approximately HK$80 billion through an IPO. All of the proceeds will be used for full-stack AI capabilities and AI infrastructure construction. According to reports, this placement was actively subscribed by global sovereign wealth funds and long-term funds, and eventually oversubscribed by nearly 3 times.

Judging from the use of capital, Ali is clearly increasing investment in AI infrastructure and model capabilities. The company has continued to build a full-stack AI system covering computing power, chips, models and applications in recent years, and AI-related businesses are becoming an important driving force for the company's future growth. Market participants believe that at a time when the company has just announced large-scale financing and the market is facing equity dilution pressure at the same time, core management is using personal funds to increase stock holdings, which will help convey confidence in the long-term return on AI investment to the market.

It is worth noting that after the announcement of Ali's current placement, the stock price was under pressure for a while. On August 24, Alibaba's Hong Kong stock closed down 8.54% to HK$112.5. In this context, the timing of continuous increases in core management holdings is particularly interesting.

From a strategic perspective, Ali is further elevating AI from a new growth direction other than traditional Internet business to the company's core strategic position for the next few years. The HK$80 billion financing is mainly used for AI infrastructure construction. Coupled with the management and founders continuing to increase their real money holdings, it shows that Ali is investing more capital in exchange for competitive advantages in the AI era.

As far as the market is concerned, Ma Yun, Cai Chongxin, and Wu Yongming's continuous increase not only directly supports Ali's current stock price, but more importantly unleashes positive expectations about the company's AI commercialization potential and room for long-term value revaluation. As AI investment continues to be transformed into model capabilities, cloud computing demand, and commercial revenue, whether Ali can use this large-scale capital investment to further strengthen AI competitive barriers will also become a core variable of future market attention.