Alibaba chair buys another 720,000 company HK shares

BEIJING, Aug. 25 (Reuters) - Alibaba chairman Joe Tsai purchased another 720,000 Hong Kong shares of the company at an average price of HK$113.47 ($14.48) for a total of approximately HK$82 million on Tuesday, a stock exchange filing showed.

With this purchase, Tsai and CEO Eddie Wu have purchased in aggregate over HK$200 million ($26 million) worth of shares over the past two days.

($1 = 7.8381 Hong Kong dollars)