(https://www.marketwatch.com/story/major-alibaba-figures-make-purchases-as-chinese-giant-sells-10-billion-of-stock-879b52ec?mod=mw_rss_topstories) while the company sells $10B in secondary stock. This is the classic accrual play: insiders buy personal shares to offset dilution optics, then the corporate buyback gets buried in the capital structure. BABA posted in quarterly revenue with a net margin.

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