Jack Ma, Chairman of Alibaba Group and Vice Chairman Joseph Tsai are looking to borrow $2 billion using Alibaba shares as collateral, according to a report released by Bloomberg on Friday.

The loan, which could be announced as soon as this month, could potentially be used to fund Blue Pool Capital Ltd., the family office created by Joseph Tsai designed to reinvest the wealth created by Alibaba’s $25 billion USD IPO last year.

Ma is now reportedly worth $27 billion USD while Tsai has an expected wealth of $7 billion, owning approximately 7.6% and 3.1% of Alibaba stock respectively.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com