Tech Insider: Jack Ma Buys Alibaba Shares, IPhone Takes China Smartphone Crown

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An Apple Store in Hangzhou, East China’s Zhejiang province, on Sept. 27. Photo: VGC

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Jack Ma buys Alibaba in show of support for struggling empire

Alibaba Group Holding Ltd. gained its most in six months on news co-founders Jack Ma and Joseph Tsai bought some $200 million of its shares, offering investors a positive signal amid a market rout.

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