Jack Ma's increased stake drove Alibaba's US stock price to reverse losses in pre-market trading, currently up by 2.3%.

BlockBeats News, August 25th, according to BIT (bit.com) market data, Alibaba's pre-market trading in the US stock market turned from a decline to an increase, currently up 2.3% after previously falling over 2.4%.

Alibaba's founder Jack Ma has been increasing his holdings of Alibaba's Hong Kong-listed shares in recent days, with a total amount exceeding 600 million Hong Kong dollars, expressing strong confidence in Alibaba's AI prospects. Group Chairman Eric Jing and CEO Daniel Zhang have recently also increased their holdings by over 200 million Hong Kong dollars.