Alibaba Group Chairman Joe Tsai and CEO Eddie Wu, on the day after the company announced a new share placement plan of HKD 80 billion, collectively increased their personal holdings of Alibaba shares by approximately HKD 120 million. This move aims to send a clear signal to the market regarding their confidence in the company's AI strategy. According to HKEX information, Joe Tsai purchased 720,000 Alibaba Hong Kong stocks, spending approximately HKD 80 million; Eddie Wu purchased 350,000 shares, spending approximately HKD 40 million. This increase in holdings occurred after Alibaba announced that 100% of the HKD 80 billion raised from the placement would be invested in full-stack AI capabilities and AI infrastructure construction. The placement plan has already received nearly 3 times oversubscription. Driven by this news, Alibaba ADR (BABA) listed on the NYSE rebounded from an early low of nearly 2.5% down, turning positive several times during intraday trading.