Bovis said the talks are still at an early stage and stressed there remains ‘significant work to be completed’.
Mr Ma, a former English teacher, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
The PPI claims deadline saw customer inquiries to banks soar, leading to more money being needed to meet the payouts.
Prince Abdulaziz bin Salman was making his debut in the role he was appointed to on Sunday.
The London-listed firm saw shares lift higher in early trading on Friday after it said forward sales remained above £1.8 billion.
Philip Bowcock will step down on September 30 after three years as chief executive.
The group reported flat revenues for the quarter to July 17, as growth in electrical sales was offset by the slump in its mobile arm.
The homewares chain said it is still cautious about the full year.
The bank said the number of claims last month was ‘significantly higher than expected’ before the August 29 deadline.
The deal will see more than 23,000 residential mortgage customers transfer to Lloyds owned business Halifax.
The pound was down on the US dollar, but up against the euro.
The drugs firm said it has made progress with two treatments intended to prevent cardiovascular problems such as heart attacks.
Focusing on its core offer has helped the home retailer.
The deadline for complaining to financial firms was 11.59pm on Thursday but the bank was still accepting claims on Friday morning.
Greek food-maker Minerva will be sold for £41m.