Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs
5 years, 4 months ago

Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs

Hindustan Times  

Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply. An accountant by trade, soft-spoken Alibaba CEO Zhang marks a stark contrast to Ma whose flamboyant style and charismatic leadership made him the most recognised Chinese entrepreneur since the former English teacher founded the company 20 years ago in a small shared apartment in Hangzhou city in eastern China. Last week, Alibaba announced investments of $2.7 billion in luxury goods retail platform Kaola and a music streaming firm in moves that partly demonstrated its flexibility in adopting new strategies. “If Alibaba wants to find new innovations or trends this is going to be more difficult than before,” said Liu Yiming, an analyst at the research division of 36kr, a Chinese tech publishing group. “For Daniel Zhang, this will be a big challenge.” China’s online retail sales grew just 17.8% in the first half of 2019, almost halving from the 32.4% growth of the prior year, according to the national statistics office.

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History of this topic

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters
1 year ago

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

Associated Press  

HONG KONG — China’s Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo. Alibaba’s chairman Joe Tsai said in an internal letter dated Wednesday that Dai will help set up an asset management company aimed at improving returns on capital …

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo
1 year, 1 month ago

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo

Hindustan Times  

Jack Ma urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago. Founder and Chairman of Chinese internet giant Alibaba Jack Ma Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post …

Alibaba founder Jack Ma delays plans to trim stake after stock selloff
1 year, 1 month ago

Alibaba founder Jack Ma delays plans to trim stake after stock selloff

Hindustan Times  

Alibaba Group Holding Ltd. founder Jack Ma is walking back plans to trim his stake after the Chinese e-commerce heavyweight suffered its biggest selloff in more than a year last week. Founder and Chairman of Chinese internet giant Alibaba Jack Ma Ma has not sold a single share in Alibaba, as the stock price has not reached the level the …

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
1 year, 4 months ago

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle

Associated Press  

HONG KONG — The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle. In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new …

China imposes nearly $1 billion fine on Jack Ma's Ant Group: Report
1 year, 6 months ago

China imposes nearly $1 billion fine on Jack Ma's Ant Group: Report

Hindustan Times  

Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of intensified government scrutiny of technology firms, The New York Times reported. Following the crackdown on Ant in 2020, its sister company Alibaba, …

China imposes fine of $1 billion on Jack Ma's Ant group
1 year, 6 months ago

China imposes fine of $1 billion on Jack Ma's Ant group

India TV News  

Chinese authorities imposed a fine of nearly $ 1 billion on billionaire Jack Ma's Ant Group on Friday, news agency ANI reported citing media reports. Following the crackdown on Ant in 2020, its sister company Alibaba, received a record antitrust penalty of USD 2.8 billion, while Didi, a ride-hailing company, received a USD 1.2 billion fine. In a statement, Ant …

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China’s Alibaba Group has announced …

Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and Chairman in major reshuffle

The Hindu  

China's Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant's growth at a time when the Chinese economy is slowing despite an end to COVID-19 pandemic restrictions a half-year ago. Alibaba's current Executive Vice Chairman, Joseph Tsai, is to succeed Mr. Zhang as Chairman of the Alibaba Group. Mr. Zhang became Alibaba Group's CEO in …

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Associated Press  

HONG KONG — China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. Alibaba’s current executive vice chairman, Joseph Tsai, is to succeed Zhang as chairman of the Alibaba Group. Alibaba’s reorganization will allow five of its six business divisions, excluding the core e-commerce business, to …

Alibaba's co-founder Jack Ma accepts university teaching post in Hong Kong
1 year, 8 months ago

Alibaba's co-founder Jack Ma accepts university teaching post in Hong Kong

Firstpost  

Jack Ma, the co-founder of Chinese tech giant Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. Ma keeps low profile after publicly criticising Chinese govt Ma has kept a low profile since late 2020 when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug …

Jack Ma becomes university teacher after Alibaba rout
1 year, 8 months ago

Jack Ma becomes university teacher after Alibaba rout

Hindustan Times  

Jack Ma, founder of Chinese tech giant Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. Jack Ma, billionaire founder of Alibaba Group, The appointment comes weeks after the billionaire made a rare public appearance in China following his fall from grace during a government crackdown on the tech industry …

China e-commerce giant Alibaba outlines future strategy
1 year, 9 months ago

China e-commerce giant Alibaba outlines future strategy

Associated Press  

HONG KONG — Alibaba plans to spin off some of its sprawling e-commerce and finance empire as independent businesses to make them more flexible and maximize their value, its top executives said Thursday, as the company emerges from regulatory crackdowns that rattled Chinese tech industries. Alibaba, whose headquarters is in the eastern city of Hangzhou, will be “in the nature …

China e-commerce giant Alibaba outlines future strategy
1 year, 9 months ago

China e-commerce giant Alibaba outlines future strategy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The CEO of Chinese e-commerce …

Alibaba shares jump 14% as plan to break up China tech giant is revealed
1 year, 9 months ago

Alibaba shares jump 14% as plan to break up China tech giant is revealed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese technology giant Alibaba’s shares …

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China
1 year, 9 months ago

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China

Hindustan Times  

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises. The Chinese e-commerce conglomerate said that the biggest restructuring in its 24 year history would see it split into six units …

Alibaba's Jack Ma returns to mainland China
1 year, 9 months ago

Alibaba's Jack Ma returns to mainland China

The Hindu  

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school on March 27 in the city where his company is headquartered and discussed topics such as artificial intelligence. Shortly afterward, authorities put the brakes on the initial public offering of Alibaba’s financial affiliate Ant Group, which had been set to raise $34.5 billion in …

Alibaba Co-Founder Jack Ma Returns to China After a Year Away
1 year, 9 months ago

Alibaba Co-Founder Jack Ma Returns to China After a Year Away

Live Mint  

Jack Ma, Alibaba Group Holding Ltd.’s billionaire co-founder, has returned to mainland China after spending roughly a year overseas, according to people familiar with the matter. Mr. Ma’s travels have been the subject of intense scrutiny as China’s leadership seeks to regain the confidence of entrepreneurs following years of regulatory clampdowns and Covid-19 pandemic measures that battered the country’s private …

Alibaba’s Jack Ma returns to mainland China
1 year, 9 months ago

Alibaba’s Jack Ma returns to mainland China

Associated Press  

HONG KONG — Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school Monday in the city where his company is headquartered and discussed topics such as artificial intelligence. He has kept a low profile with few public appearances since Nov. 2020, when he had publicly criticized China’s regulators and financial systems during a …

Alibaba's Jack Ma returns to China after year-long absence: Report
1 year, 9 months ago

Alibaba's Jack Ma returns to China after year-long absence: Report

Hindustan Times  

Alibaba founder Jack Ma has returned to China, the South China Morning Post reported on Monday, ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China's private businesses. Ma, one of China's best known entrepreneurs, left mainland China in late 2021 and has been seen in photographs in Japan, Australia and …

The Continuing Saga of China’s Ant Group
1 year, 10 months ago

The Continuing Saga of China’s Ant Group

The Diplomat  

Chongqing Ant Consumer Finance, a subsidiary of Alibaba’s spinoff financial arm, Ant Group, recently received regulatory approval to raise $1.5 billion to expand itself into the consumer finance business. According to Reuters, after the CBIRC approved Cinda’s funding plan, China’s State Council questioned the investment in Ant Group without having it restructured as per state demands. First, the billionaire’s controversial …

Explained: How Chinese regulators grounded Jack Ma's ambitions
2 years ago

Explained: How Chinese regulators grounded Jack Ma's ambitions

Firstpost  

A reshuffling of Jack Ma’s shareholding structure will see the Chinese business tycoon cede control of the fintech giant he formed in 2014 Jack Ma, the unconventional billionaire founder of tech giant Alibaba and the totem of China’s entrepreneurial brilliance, has stepped out of the limelight since a Communist Party crackdown that chopped back his empire. Chinese regulators torched the …

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp
2 years ago

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp

The Hindu  

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. The Wall Street Journal reported in July last year, citing unnamed sources, that Mr. Ma could cede control …

Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports
2 years, 1 month ago

Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese billionaire Jack Ma has …

Where is Jack Ma? Not in China anymore, he is out of the country
2 years, 1 month ago

Where is Jack Ma? Not in China anymore, he is out of the country

India Today  

Born to a poor family, Alibaba founder Jack Ma grew up to become one of the richest men in China. The latest media report suggests that the Alibaba founder is currently residing in Tokyo, Japan with his family. The Alibaba founder has been staying out of China with his family since he ran into trouble with the Chinese government over …

Alibaba co-founder Jack Ma living in Tokyo after China's crackdown on tech firms: Report
2 years, 1 month ago

Alibaba co-founder Jack Ma living in Tokyo after China's crackdown on tech firms: Report

Firstpost  

58-year-old Ma has largely disappeared from public view since he criticised the Chinese regulators in 2020, accusing the state-run banks of having a pawnshop mentality and calling for bold new players that can extend credit to the collateral poor Beijing: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly …

Chinese billionaire Jack Ma ‘living in Japan’ after tech crackdown: report
2 years, 1 month ago

Chinese billionaire Jack Ma ‘living in Japan’ after tech crackdown: report

The Hindu  

Chinese billionaire and Alibaba founder Jack Ma has been living in Japan amid the Chinese government’s ongoing crackdown on technology companies, according to a report on Tuesday. The usually high-profile Mr. Ma has stayed away from the public spotlight in China for more than two years and has avoided public engagements, coinciding with regulatory probes targeting e-commerce giant Alibaba and …

Alibaba founder Jack Ma is living in Tokyo now: Report
2 years, 1 month ago

Alibaba founder Jack Ma is living in Tokyo now: Report

Hindustan Times  

Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday. Alibaba Group co-founder and executive chairman Jack Ma Ma’s months-long stay in Japan with his family …

Alibaba lays off nearly 10K employees amid poor sales
2 years, 5 months ago

Alibaba lays off nearly 10K employees amid poor sales

India TV News  

Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and a slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700. "That put …

Alibaba overhauls e-commerce businesses, appoints new CFO
3 years, 1 month ago

Alibaba overhauls e-commerce businesses, appoints new CFO

The Hindu  

Alibaba Group Holding Ltd said on Monday it was reorganising its international and domestic e-commerce businesses and would appoint a new chief financial officer. Alibaba said it would form two new units to house its main e-commerce businesses - international digital commerce and China digital commerce, in a bid to become more agile and accelerate growth. The international digital commerce …

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm
3 years, 2 months ago

China’s tech crackdown hit SoftBank like a blizzard. Masa Son turns to Paytm

CNN  

New Delhi CNN Business — SoftBank is stuck in a “big winter snowstorm,” founder and CEO Masayoshi Son said Monday, after a sweeping tech crackdown in China battered some of the Japanese company’s key investments. Son said that the company’s net asset value — which he says is a better indication of the firm’s performance — fell by 6 trillion …

Jack Ma spotted outside China for first time since his run-in with regulators
3 years, 2 months ago

Jack Ma spotted outside China for first time since his run-in with regulators

India Today  

Alibaba co-founder Jack Ma has been away from the public glare for the longest time. A coupled of days ago, Jack Ma was spotted in Hong Kong for a business meeting but his Spain trip does not seem like an official one and the technology billionaire is believed to have stepped out for his first overseas trip since the crackdown …

China Billionaire Jack Ma Travels to Europe in First Trip Abroad Since Crackdown on Alibaba
3 years, 2 months ago

China Billionaire Jack Ma Travels to Europe in First Trip Abroad Since Crackdown on Alibaba

News 18  

Jack Ma, China’s billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations. Before flying to Europe, Ma was in Hong Kong to spend low-key private time with his family, the Hong Kong-based South China …

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report
3 years, 3 months ago

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

News 18  

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, two sources said. The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China’s financial …

China's war on everything turns towards its own tycoons, with Jack Ma being a prime example
3 years, 5 months ago

China's war on everything turns towards its own tycoons, with Jack Ma being a prime example

ABC  

Until around nine months ago, Jack Ma was one of the world's richest and most powerful business figures, worth more than $54 billion. A high-flying tech entrepreneur, the Alibaba founder was on the brink of launching the world's biggest Initial Public Offering, the public float of an Alibaba offshoot, a financial services giant called ANT. The fall of Jack Ma …

Jack Ma: Alibaba co-founder says billionaire is ‘lying low’ and has taken up painting
3 years, 6 months ago

Jack Ma: Alibaba co-founder says billionaire is ‘lying low’ and has taken up painting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba founder Jack Ma is …

Alibaba executive says founder Jack Ma ’lying low’: Report
3 years, 7 months ago

Alibaba executive says founder Jack Ma ’lying low’: Report

Live Mint  

Alibaba Group Holding founder Jack Ma is "lying low" and focusing on hobbies and philanthropy, the Chinese e-commerce giant's executive vice chairman and co-founder Joe Tsai told CNBC on Tuesday. Following Ma's criticism of China's regulatory system last year, Beijing came down heavily on the company, leading to the shelving of financial affiliate Ant Group's $37 billion initial public offering …

Alibaba executive says Jack Ma ‘lying low’, focusing on hobbies
3 years, 7 months ago

Alibaba executive says Jack Ma ‘lying low’, focusing on hobbies

Al Jazeera  

Jack Ma, who is known for his outspokenness and audacious statements, has been largely out of the public view since criticising China’s regulatory system. Alibaba Group Holding founder Jack Ma is “lying low” and focusing on hobbies and philanthropy, the Chinese e-commerce giant’s executive vice chairman and co-founder Joe Tsai told CNBC on Tuesday. Following Ma’s criticism of China’s regulatory …

Chinese Billionaire Jack Ma’s Net Worth Halves In Less Than A Year. Know Why
3 years, 7 months ago

Chinese Billionaire Jack Ma’s Net Worth Halves In Less Than A Year. Know Why

News 18  

Once the richest man in China, Jack Ma’s worth has tanked by half in less than a year. He is also the creator of the world’s largest fintech company Ant Group. How the downfall started Ma’s downfall originated with the cancellation of Ant Group’s $34.5 billion IPO that was scheduled in the second half of the last year. The initial …

Can China still lead the world in tech without a new Jack Ma?
3 years, 7 months ago

Can China still lead the world in tech without a new Jack Ma?

CNN  

Hong Kong CNN Business — China has cut its global tech champions down to size, cracking down on antitrust abuses and undue risk taking. “The atmosphere hovering over China’s tech landscape has grown increasingly toxic,” said Alex Capri, a research fellow at Hinrich Foundation and a visiting senior fellow at National University of Singapore. He cited Zhang’s move as “proof …

Chinese govt pressurises Ant Group to facilitate exit of founder Jack Ma
3 years, 8 months ago

Chinese govt pressurises Ant Group to facilitate exit of founder Jack Ma

Op India  

A month after the Communist regime in China cracked down on the media assets of Alibaba, it has now directed Alibaba’s affiliate company Ant Group to take away control from its founder Jack Ma, reported Reuters. The Chinese regulators have directed the Ant Group to find options to sell Jack Ma’s stake in the company so as to seize control …

Alibaba shrugs off $2.75 billion antitrust fine, shares rally
3 years, 9 months ago

Alibaba shrugs off $2.75 billion antitrust fine, shares rally

Live Mint  

Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulators fined the e-commerce giant $2.75 billion for abusing market dominance. Alibaba executives said despite Saturday's record 18 billion yuan fine and measures ordered by regulators, they remain confident in …

Alibaba’s record fine is a ‘warning shot’ in China’s tech crackdown
3 years, 9 months ago

Alibaba’s record fine is a ‘warning shot’ in China’s tech crackdown

CNN  

Hong Kong CNN Business — Alibaba is trying to draw a line under accusations that it behaved like a monopoly after Chinese regulators hit the online shopping giant with a record fine over the weekend. Joe Tsai, Alibaba Group’s co-founder and executive vice chairman,told investors on Monday that the company will not appeal the 18.2 billion yuan penalty that China’s …

Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma
3 years, 9 months ago

Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma

News 18  

Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan antitrust fine on Saturday, resolving one key uncertainty even as others persist for himself and his business empire. That was until his Shanghai speech triggered a backlash that led to the scuppering of a blockbuster …

Alibaba: Jack Ma company fined £2.4bn by China over alleged market violations
3 years, 9 months ago

Alibaba: Jack Ma company fined £2.4bn by China over alleged market violations

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China has fined Jack Ma’s …

China denies plan for $1 bn Alibaba fine
3 years, 10 months ago

China denies plan for $1 bn Alibaba fine

The Hindu  

China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. The market's regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street …

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny
3 years, 10 months ago

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

The Hindu  

Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on March 2 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 China’s richest in the Hurun Global Rich List in 2020 and 2019 but …

Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons
3 years, 11 months ago

Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons

News 18  

The Chinese state media on Tuesday published a list of its pioneering tech giants, but there was a striking absence of one tycoon – Jack Ma. In the list, BYD Co. Chairman Wang Chuanfu, Xiaomi Corp. co-founder Lei Jun and Huawei Technologies Co.’s Ren Zhengfei, found mention among others. That had prompted a flurry of speculation about what might have …

Alibaba stocks soar eight per cent after Jack Ma makes his first public appearance since October
3 years, 11 months ago

Alibaba stocks soar eight per cent after Jack Ma makes his first public appearance since October

Op India  

Shares of internet giant Alibaba jumped Wednesday as billionaire Jack Ma was seen in public for the first time in three months after he went mysteriously missing in October 2020 after criticising Chinese government. According to Bloomberg’s analysis, after Alibaba’s market cap jumped by $58 billion, 5.5 per cent, closing at 265.49 on the New York Stock Exchange. Jack Ma …

Jack’s back: Chinese e-tycoon ends silence with online video
3 years, 11 months ago

Jack’s back: Chinese e-tycoon ends silence with online video

Associated Press  

BEIJING — China’s highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group. Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group, a financial platform that grew out of Alibaba’s payments service, Alipay. That …

Jack Ma appears in public in boost to Alibaba
3 years, 11 months ago

Jack Ma appears in public in boost to Alibaba

The Hindu  

Alibaba founder Jack Ma made his first public appearance on Wednesday since November, quelling speculation about his fate and giving a boost to his embattled conglomerate. Alibaba’s shares were up 8% in Hong Kong after Mr. Ma’s first appearance in close to three months, as he appeared "during a rural teacher-themed social welfare event via video link”, Chinese media reported. …

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