Page 2 - Jack Ma

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

Jack Ma-backed Ant Group plans to pare stake in Vijay Shekhar's Paytm

The Chinese fintech giant has been discussing options to reduce its stake in One 97 Communications Ltd. after its share percentage increased passively due to share buybacks

Jack Ma to cede control of Ant Group following China's tech crackdown

The company will give 10 individuals, including the founder, management and staff, voting rights independently, effectively removing Ma's voting control of Ant, according to an announcement

Jack Ma's Ant wins approval to raise $1.5 bn capital for its consumer unit

The deal resolves a key hurdle for Ant as it seeks to meet requirements from regulators following a crackdown on its business after its record initial public offering was torpedoed in 2020

Chinese billionaire Jack Ma living in Tokyo after China's crackdown: Report

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. Ma's months-long stay in Japan with his family has included stints in hot springs and ski resorts in the countryside outside Tokyo and regular trips to the US and Israel, the Financial Times reported, quoting people with direct knowledge of his whereabouts. Ma, 58, 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. Since then, both the companies he founded -- Ant and e-commerce group Alibaba -- have faced a series of regulatory obstacles. Chinese regulators called off Ant's blockbuster USD 37 billion initial public offering and fined

Jack Ma enjoys hot spring, ski resort in Japan as protests erupt in China

As China faces violent protests over its harsh zero-Covid policy, Alibaba founder Jack Ma has been spotted in Tokyo, living a quiet and peaceful life amid tech crackdown in his home country

China set to fine Ant Group over $1 bn, signalling revamp nears end

A fine on Ant could help pave the way for the company to secure a long-awaited financial holding company license, seek growth again, and eventually revive its plans for a public market debut

Billionaire Jack Ma plans to cede control of China's Ant Group: Report

Ant, an affiliate of Alibaba, has been subjected to a sweeping restructuring by China, whose initial public offering of $37 billion, was derailed by the country's regulators in late 2020

Jack Ma's Ant Group set to apply for China finance licence this month

The People's Bank of China intends to accept Ant's application to become a financial holding company once it's submitted

Alibaba's stock slips as big hopes on Ant IPO revival quickly fade

Shares of the e-commerce giant shot up as much as 7% earlier after a Bloomberg News report that China's financial regulators have established a team to assess the fintech giant's share sale plans.

China: Govt buying stakes in tech firms to increase its influence

The State-owned firms and regulators like China's Cyberspace Administration are obtaining the so-called 'golden shares' in private companies, especially internet/technology firms holding large amounts

Alibaba Group raises buyback to $25 billion to boost slumping stock

Alibaba Group increased a share buyback to $25 billion from $15 billion to prop up a stock price that has fallen by more than half since Communist Party tightened control over tech industries

China tells banks, state firms to report exposure to Jack Ma's Ant

It was unclear what triggered the new scrutiny or whether it will lead to any actions or conclusions by regulators

Alibaba Group overhauls e-commerce businesses, names Toby Xu new CFO

The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown

Alibaba shares slump by more than 10% on slow Chinese spending

Alibaba shares slumped by more than 10% in Hong Kong trade after the Chinese online retail giant warned of a slowdown in consumer spending, BBC reported

Alibaba slashes sales outlook over increased competition, slow demand

Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut

Ant group's profit grows by 39% in June quarter as investments gain

The company contributed $1.4 bn to Alibaba Group Holding's earnings

Jack Ma, Trump and Xi: How Chinese billionaire flew close to the sun

Ma's charitable foundation, which handles his media queries, did not respond to a request for comment.

Alibaba Group Holding has lost $344 billion in world's biggest wipeout

Despite a 30 per cent recovery from Oct. 5, the stock is still 43 per cent lower than its October 2020 peak.