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Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days. The Chinese billionaire has been keeping a low…
Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse,…
Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for…
Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October. Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled…
Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the…
Forbes Media has presented the Malcolm S Forbes Lifetime Achievement Award to Alibaba Group founder and partner Jack Ma, hailing his commitment to small businesses in addition to the impact that Alibaba has achieved since its launch 20 years ago. The annual…
Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, has stepped down as chairman of the world’s biggest e-commerce company as its fast-changing industry faces uncertainty amid a US-Chinese tariff war. Ma, one of China’s wealthiest…
Alibaba Group celebrated its 20th anniversary on Tuesday in Hangzhou, highlighting its journey from 18 founders of a tiny e-commerce startup in a small apartment into the US$447 billion enterprise it is today. It was also Jack Ma’s final appearance as…
Unlike traditional banks which could take days to approve loan applications, Jack Ma’s online bank usually takes a few minutes. At Jack Ma’s MYbank operating in China, borrowers only need a few taps on their smartphones to receive cash almost instantly, if…
Chinese retailer Suning has invested US$129 million into Jack Ma-backed Yunfeng Capital’s third fund. The funding represents 61.41 per cent of a committed $210 million to the private equity firm, which is set to raise $2.5 billion and has so far received…
In the middle of stress awareness month, Alibaba founder Jack Ma has told his company’s workers they should be working a “996” work schedule – that is from 9am to 9pm, six days a week. According to a speech made this week by Ma, working 12 hours a day for…
Alibaba founder Jack Ma has stepped back from active roles in five subsidiary companies as he prepares to hand over executive chairmanship of the company in September. Management of Alibaba say the moves were intended to improve the firm’s governance and…
The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019. The ANPI is a US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation. Each year for the next ten…
Ever since the first Singles’ Day or 11.11 sale began in China in 2009, every year, there would be plenty of commentary explaining the phenomenon to an international audience. This doesn’t appear to be necessary any more. In its tenth edition, the event has…
Alibaba Group Holding Ltd has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World Trade Platform (eWTP), and Belgium…
In his final letter to shareholders, Alibaba founder and executive chairman Jack Ma made a case for globalisation despite recent uncertainties in US-China trade relations, consumer trends, stock markets and the manufacturing industry. This is the third time…
