Bloomberg Alibaba’s Ma and Tsai pledged shares as collateral for bank loans. The Financial Times reports Bloomberg (Bloomberg) — According to the Financial Times, Alibaba Group Holding Ltd.’s top individual owners, Jack Ma and Joe Tsai, promised portions of their combined $35 billion interest in the e-commerce behemoth in exchange for hefty bank loans. According to the Financial Times, the pledges were made by offshore firms that own more than half of the duo’s shareholding in Alibaba, which stood at 5.8% in December. The value of the share promises was not disclosed in the paperwork./n
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