HKEX filings show that after Alibaba (09988.HK) announced a HKD80 billion new
share placement, chairman Joseph Tsai and CEO Wu Yongming bought a combined
~HKD120 million of Hong Kong-listed Alibaba shares. Tsai bought 720,000 shares
at an average HKD112, spending about HKD80 million; CEO Wu bought 350,000 shares
at an average HKD111.6, spending about HKD40 million. Total purchases: 1,070,000
shares for roughly HKD120 million.