Jack Ma

Jack Ma envisions AI-driven future for Ant Group in rare public appearance

Ma, China's best-known tech entrepreneur, publicly criticized Chinese regulators in a speech in October 2020, derailing a massive listing by Ant Group. That was followed by regulatory crackdowns

Chinese billionaire criminal secretly profited off Jack Ma's deals

Xiao Jianhua was languishing in detention on bribery and corruption charges - a larger-than-life target of a government crackdown on graft

Emerging from seclusion, Jack Ma voices support for overhaul at Alibaba

Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago

Alibaba approves additional $25 bn share buyback as revenue disappoints

Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional USD 25 billion authorisation to its share buyback programme, after reporting lower-than-expected sales revenue for the last quarter of 2023. The company's Hong Kong-traded shares plunged 6.8 per cent on Thursday. Alibaba's New York-listed stock price sank 5.9 per cent on Wednesday and has fallen nearly 26 per cent over the past year. Alibaba posted a 5 per cent increase in sales to 260.3 billion yuan (USD 36.67 billion) in the quarter that ended in December, slightly missing analysts' estimates. Net income sank to 14.4 billion yuan (USD 2 billion), down 77 per cent compared to a year earlier. The Hangzhou, China-based firm attributed the drastic decrease to declining values of its equity investments and falling revenues. Alibaba has struggled to sustain its growth and faces increasing competition in the e-commerce sector from rivals such as Pinduoduo and ByteDance, which operates TikTok and Douyin. On

Alibaba Group gains as Jack Ma, Tsai reportedly buy $200 million in stock

Ma and Alibaba Chairman Joe Tsai have both being buying up shares in recent months as the stock plunged, the newspaper reported Tuesday, citing unidentified people familiar with the matter

Jack Ma calls for fundamental changes in Alibaba, urges course correction

Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba's internal forum

Alibaba founder Jack Ma gets back into business with 'Ma's Kitchen Food'

Ma, whose comments about China's outmoded financial system helped trigger the crackdown, has since largely devoted his time to agricultural pursuits though his foundation

Jack Ma reverses plan to trim stake after Alibaba share tumble: Report

Ma has not sold a single share in Alibaba, as the stock price has not reached the level the billionaire was seeking

Jack Ma's wealth drops $4.1 bn as Ant's valuation slashed: Report

The 58-year-old tycoon has a 9.9% stake that's now estimated to be worth $4.1 billion less than almost a year ago

Jack Ma's clash with China costs Alibaba Group Holding, Ant $850 billion

Chinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 billion

Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO

The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength

China to end Ant Group's regulatory revamp with fine of $1.1 bn: Report

The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days

Chinese billionaire Jack Ma in Nepal, likely to meet Prachanda

Chinese billionaire Jack Ma, who landed in Nepal on Tuesday on a private visit, is likely to meet Prime Minister Pushpa Kamal Dahal Prachanda', according to media reports. Jack Ma arrived at the Tribhuvan International Airport on Tuesday, according to sources at the Immigration Department. Jack Ma, who landed in Kathmandu on a special flight via Dhaka in Bangladesh, has business connections in Nepal, the sources said. Founded by Jack Ma, Alibaba has acquired the e-commerce company Daraz, which currently operates in South Asian countries, including Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal.

Alibaba CEO Eddie Wu: Little-known coder to continue Jack Ma's legacy

The appointment of Eddie Wu Yongming to replace the affable Daniel Zhang surprised insiders, even though the 48-year-old computer scientist has been with Ma from Alibaba's humblest beginnings

Daniel Zhang to step down as Alibaba CEO, Eddie Wu Yongming to succeed him

Daniel Zhang to focus on Alibaba Cloud Intelligence Group as chairman and CEO; change will take effect September 10

Alibaba names Joseph Tsai chairman, Eddie Wu CEO in a surprise shake-up

Zhang's shock departure comes after Alibaba announced a six-way restructuring to try and juice growth and create a family of standalone leaders in businesses from cloud computing and logistics

Alibaba Group co-founder Jack Ma turns up in Japan as college professor

Jack Ma is expected to conduct research, in sustainable agriculture and food production. He will also give seminars on entrepreneurship and innovation

Alibaba founder Jack Ma accepts a teaching position at Tokyo University

The appointment term for Ma finishes at the end of October 2023 but his contract may be extended on an annual basis

Alibaba's Jack Ma returns as China tries to allay private sector fears

During his visit, Ma discussed topics such as artificial intelligence-powered chatbot ChatGPT and also said he hoped to return to teaching one day, the Yungu School said on its official WeChat account

Alibaba's founder Jack Ma seen in China after long absence: Report

The Alibaba-owned newspaper said he had made a short stopover in Hong Kong, where he met friends and also briefly visited Art Basel, an international art fair