Alibaba executive Jiang Fang addressed concerns within the company by stating that the disclosure of Jack Ma's family trust plan to sell shares was a coincidence with the cancellation of the cloud unit's listing. Jiang explained that the plan to sell shares was made earlier in the year for reinvestment in agriculture and public welfare projects, and they were required to disclose it by mid-November. She emphasized that the timing was unintentional and caused a misunderstanding. Jiang also denied rumors of layoffs and stated that Ma's family trust did not sell any shares.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/93fAHMk
