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Page 2 - Latest Updates on Jack Ma

Jack Ma leaves China for first time after Alibaba crackdown

Ma is abroad for a series of business meetings, including a tour of the agricultural industry and environmental technology in Spain

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Updated On : 20 Oct 2021 | 10:35 PM IST

Jack Ma in Europe, makes first trip abroad after China's crackdown on firm

Before flying to Europe, Ma was in Hong Kong to spend low-key private time with his family.

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Updated On : 20 Oct 2021 | 11:25 AM IST

Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny

The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed.

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Updated On : 25 Sep 2021 | 2:43 AM IST

Revolution or chaos? Xi's 'common prosperity' drive sparks China debate

Competing viewpoints in China's tightly controlled media space points to confusion over just how far Xi plans to go in reining in 'disorderly capital expansion'.

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Updated On : 08 Sep 2021 | 10:03 AM IST

Why Xi Jinping waited years to launch his crackdown on tycoons

Many were surprised by Xi's sweeping moves to rein in the private sector over the past 12 months

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Updated On : 11 Aug 2021 | 2:15 AM IST

Tencent boss Pony Ma loses $14 billion in crackdown, more than Jack Ma

While Pony has long had a reputation for staying out of the limelight, that hasn't shielded his company from penalties including antitrust fines and the loss of exclusive music streaming rights

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Updated On : 04 Aug 2021 | 11:21 AM IST

Ant Group's profit falls 37% to $2.1 billion after regulatory setbacks

Billionaire Jack Ma's fintech giant contributed nearly 4.5 billion yuan ($696 million) to Alibaba Group Holding Ltd.'s earnings, a company filing showed Tuesday

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Updated On : 04 Aug 2021 | 12:46 AM IST

World's billionaire factory shaken as China cracks down on 'savage growth'

Beijing's pursuit of ride-hailing service Didi and Jack Ma shows the age of unfettered gains for China's ultra-rich now appears to be at end.

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Updated On : 12 Jul 2021 | 1:36 AM IST

Billionaire to watch: Tesla's China battery partner is richer than Jack Ma

Zeng Yuqun's net worth has jumped to $49.5 billion, making him one of the five richest people in Asia for the first time.

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Updated On : 09 Jul 2021 | 8:47 AM IST

Didi Global saga shows China's tech behemoths must first answer to Beijing

Didi is by most measures an appealing success story. The firm controls almost the entire ride-hailing market in China, and counts SoftBank Group Corp. and Tencent Holdings Ltd. as major shareholders

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Updated On : 06 Jul 2021 | 9:27 AM IST

Alibaba victim of huge data leak by consultant as China tightens security

User data was not sold and Alibaba didn't incur financial losses from leak, the company says.

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Updated On : 17 Jun 2021 | 2:04 AM IST

Alibaba senior executive says founder Jack Ma 'lying low': Report

Ma, China's best-known entrepreneur, has been largely out of public view since last year

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Updated On : 15 Jun 2021 | 8:51 PM IST

Jack Ma's Ant Group gets go-ahead for consumer lending unit in sign of thaw

Chongqing Ant Consumer Finance Co will have registered capital of 8 bn yuan ($1.3 bn), and Ant will hold a 50% stake

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Updated On : 03 Jun 2021 | 10:25 PM IST

Jack Ma's Ant builds policy, govt relations team for push in Asian markets

Staff of just under 10 staff to prioritise markets in Southeast Asia, Hong Kong, and Macau; Europe will be target as well.

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Updated On : 03 Jun 2021 | 10:04 AM IST

Jack Ma to step down as head of business school he founded, amid clampdown

Chinese billionaire Jack Ma will be stepping down as the President of Hupan, an elite business school he founded, in the face of government pressure on the tech industry

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Updated On : 25 May 2021 | 9:50 AM IST

SoftBank's first female director to leave after challenging Masayoshi Son

Yuko Kawamoto, a professor at Waseda University, will step down on June 23 after just one year in the role, SoftBank said in a statement on Friday

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Updated On : 22 May 2021 | 3:34 AM IST

Alibaba reports first operating loss as a public company due to record fine

Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

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Updated On : 13 May 2021 | 11:16 PM IST

Alibaba aims to report strong financial earnings, after $260 billion slide

Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.

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Updated On : 12 May 2021 | 8:58 AM IST

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

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Updated On : 09 May 2021 | 11:36 PM IST

Explained: What's next for Jack Ma's Ant group after China orders revamp

Ant, valued at around $315 billion at its IPO pricing, is exploring options for founder Jack Ma to divest his stake.

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Updated On : 19 Apr 2021 | 1:23 PM IST