Alibaba's stock dropped so much that Jack Ma reversed a plan to sell shares for his other investments

• Alibaba cofounder Jack Ma walked back on plans to sell the company's stock.
• The Chinese tech giant's stock crashed last week after it nixed a plan to spin off its $11 billion cloud business.
• Ma's family trust was set to sell 10 million shares this week.

Alibaba cofounder Jack Ma reversed plans to sell the company's stock following a slump in its stock price last week.