Alibaba Soars Nearly 8% after Founders Jack Ma and Joseph Ts…

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BEIJING, January 23 (TMTPost)-- The American depositary receipts (ADRs) of Alibaba Group soared around 8.6% in the morning trading and closed 7.9% higher to US$74.02 on Tuesday. The shares recorded their biggest daily gain since July 7, 2023 after Alibaba’s two co-founders Jack Ma and Joseph Tsai are reported to boost their stakes in the Chinese internet heavyweight.Credit：Visual ChinaMa bought US$50 million wo