Page 4 - Latest Updates on Jack Ma
Jack Ma's fortune jumps $2 billion after record antitrust fine on Alibaba
The $2.8 billion fine is less severe than some investors feared and is based on only 4% of the company's 2019 domestic sales, far less than the maximum 10% allowed under Chinese law
 "Jack Ma's fortune jumps $2 billion after record antitrust fine on Alibaba")
Ant Group to be financial holding firm in overhaul forced by China
Jack Ma's firm to fold all financial operations into holdco
 "Ant Group to be financial holding firm in overhaul forced by China")
Fine, thank you, says Alibaba Group after China's $2.8-billion penalty
It's a sign of how odd China's crackdown on the power of big tech has been compared with the rest of the world
 "Fine, thank you, says Alibaba Group after China's $2.8-billion penalty")
China imposes $2.8 bn penalty on Jack Ma's Alibaba Group in monopoly probe
The penalty is equivalent to 4% of Alibaba's domestic sales in 2019, China's State Administration for Market Regulation said in a statement on Saturday
 "China imposes $2.8 bn penalty on Jack Ma's Alibaba Group in monopoly probe")
Tencent Holdings profit beats expectations even with tech crackdown
Regulators are said to be considering forcing the firm to overhaul its promising fintech division in a similar fashion to Jack Ma's Ant Group Co
 "Tencent Holdings profit beats expectations even with tech crackdown")
Jack Ma's SCMP joins Hong Kong media groups facing China control
Beijing has moved to stifle Hong Kong's democracy motion over the previous 12 months
 "Jack Ma's SCMP joins Hong Kong media groups facing China control")
Global investors value China's Ant Group at over $200 billion: Report
The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO
 "Global investors value China's Ant Group at over $200 billion: Report")
China orders Jack Ma to dispose of its media assets with Alibaba group
Taking its war against billionaire Jack Ma's empire to a new level, the Chinese government has reportedly asked his conglomerate Alibaba to dispose of its media assets
 "China orders Jack Ma to dispose of its media assets with Alibaba group")
Ant employees expected a windfall, but are stuck with unsellable shares
The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering
 "Ant employees expected a windfall, but are stuck with unsellable shares")
Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%
Business Standard brings you top news of the evening
 "Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%")
Jack Ma loses title as China's richest man after Beijing's scrutiny
Ma's recent woes were triggered by an Oct. 23 speech in which he blasted China's regulatory system
 "Jack Ma loses title as China's richest man after Beijing's scrutiny")
Alibaba's Jack Ma spotted playing golf, easing China detention fears
It's the first known Ma sighting since the former English teacher joined a live-streamed video chat with rural educators on January 20
Alibaba's $38-billion bond sale shows confidence among Jack Ma fans
The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter
 "Alibaba's $38-billion bond sale shows confidence among Jack Ma fans")
Ant Group plans to hive off credit data in revamp; sees IPO in 2 years
Ant's restructuring plan, which Reuters reported on Wednesday, could ease billionaire founder Jack Ma's regulatory woes
Ant Group reaches agreement with Chinese regulators on overhaul
Ma's fintech giant will become a financial holding company
 "Ant Group reaches agreement with Chinese regulators on overhaul")
Ant Group reaches deal with Chinese regulators on restructuring: Report
An announcement about the restructuring, which will result in the company being subject to capital requirements similar to those for banks, could come before the start of China's Lunar New Year holida
 "Ant Group reaches deal with Chinese regulators on restructuring: Report")
Alibaba beats revenue forecast, shares slide amid regulatory challenges
It also announced a bond sale worth as much as $5 billion though sources have said plans for the fundraising were in the works before the regulatory clampdown
 "Alibaba beats revenue forecast, shares slide amid regulatory challenges")
Alibaba Group Holding sales beat estimates as regulatory headwinds loom
Net income attributable to shareholders rose 52 per cent to 79 billion yuan
 "Alibaba Group Holding sales beat estimates as regulatory headwinds loom")
Chinese state media celebrates top entrepreneurs, but not Jack Ma
Ma, lionised at home for creating some of his country's largest corporations, didn't make the cut in a Shanghai Securities News front-page commentary lauding the leading lights of technology
Alibaba beats revenue forecast on online boom as Chinese regulators hover
The results come as China clamps down on company founder Jack Ma's business empire, having forced the suspension of a $37 billion IPO for financial affiliate Ant Group
