Jack Ma’s $50M BABA Buy Signals ‘Buy China!’

News Snapshot:

jack ma Andrew Burton/Getty Images News This week saw a rally in Chinese internet stocks following months of losses. On Monday, news broke that Jack Ma and Chairman Joe Tsai had been buying Alibaba (BABA) stock–$50 million worth for Ma and $150 million worth for Tsai. The vote of confidence from insiders lifted the stock, which rallied Monday, Tuesday and Wednesday before giving up some of the gains on Thursday. The fact that Jack Ma himself bought Alibaba shares was a major change in the China narrative. In November, Jack Ma was rumored to be planning a major stock sale....