On August 25, Alibaba’s U.S.-listed shares shifted from a decline to a gain before the market opened, currently up by 2.3%, after having previously fallen by more than 2.4%. Recently, Jack Ma has been steadily increasing his stake in Alibaba’s Hong Kong-listed shares over consecutive days, with the total value exceeding HK$600 million. Joe Tsai also boosted his stake by a cumulative HK$160 million over two days, while Wu Yongming increased his holdings by HK$40 million. The combined stake increases by these three individuals surpass HK$200 million, signaling their strong confidence in Alibaba’s prospects in artificial intelligence.