Jack Ma: News
17 Dec 2024
Alibaba GroupAlibaba to sell Intime department store chain at $1.3B loss
In a move that will see the company incur a $1.3 billion loss, Alibaba Group has announced the sale of its Chinese department store unit, Intime.
30 Nov 2022
ChinaJack Ma living in Tokyo since Chinese crackdown on companies
Jack Ma, Chinese billionaire and the founder of Alibaba, has reportedly been living in Japan's Tokyo city for approximately six months, according to Financial Times reports on Tuesday.
18 May 2022
Alibaba GroupPaytm Mall's valuation down 99% after Alibaba, Ant Financial's exit
Paytm Mall, One97 Communications' e-commerce arm, saw a significant drop in valuation as its key backers Alibaba and Ant Financial exited the firm.
25 May 2021
GoogleNewsBytes Briefing: Clubhouse hits million downloads on Android, and more
Despite Big Tech doing its best to clone Clubhouse into their existing platforms, evidently nothing beats the original. Android users flocked to the newly launched app of the audio-only social media platform and downloaded it a million times.
24 May 2021
ChinaJack Ma to step down as president of Hupan University
A year after stepping down as the chairman of Alibaba, Jack Ma will also be giving up his position as the president of Hupan University. Ma's decision to quit comes six years after he founded the elite business academy.
20 Jan 2021
Alibaba GroupAlibaba's Jack Ma, 'missing' for months, makes first public appearance
After months of being "missing," Alibaba and Ant founder Jack Ma has finally made a public appearance.
04 Jan 2021
Alibaba GroupAlibaba founder suspected to be missing after criticizing Chinese government
Chinese billionaire Jack Ma has not been seen in public for more than two months now, a development that has sparked questions about his whereabouts.
31 Dec 2020
Mukesh AmbaniChina's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person
Reliance Industries (RIL) Chairperson and Managing Director Mukesh Ambani is no longer the richest person in Asia. That title now belongs to China's Zhong Shanshan, a vaccine magnate and the founder of the bottled water company Nongfu Spring.
26 Jul 2020
IndiaJack Ma summoned by Indian court over censorship allegations
China's Alibaba and its billionaire founder Jack Ma have both been summoned by an Indian court over allegations of censoring content and spreading fake news.
20 Mar 2020
XActor Lana Condor blasts President Trump for 'Chinese virus' remarks
While the entire world weeps in unison over the countless lives lost due to the novel coronavirus pandemic, one very powerful man continues to ascribe the virus to a single nation.
10 Sep 2019
Alibaba Group#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots
After spending two decades at Alibaba's helm, Jack Ma stepped down as Chairman of the e-commerce giant on Tuesday, his 55th birthday.
14 May 2019
Alibaba GroupJack Ma advises married-employees: "Sex for six days, six times"
Alibaba founder Jack Ma stoked up controversy recently after he advised his married employees to follow "669," that is, "Sex for six days, six times, with duration being the key."
15 Sep 2018
XiaomiXiaomi creates new managerial positions to foster leadership
Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.
10 Sep 2018
Alibaba GroupAlibaba co-founder Jack Ma to step down in September 2019
Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.
09 Sep 2018
Alibaba GroupAlibaba's Jack Ma isn't retiring, will announce his succession plans
Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.
08 Sep 2018
Alibaba GroupEnd of era: China's richest man Jack Ma announces retirement
Jack Ma, who serves as Executive Director of Alibaba, a company he founded in 1999 has announced his retirement. The business magnate will retire on Monday, September 10, according to reports.
20 Jul 2018
NASDAQWhich will hit the trillion dollar mark: Apple or Amazon?
Following the completion of Amazon's Prime Day sale, wherein the company announced that it had sold over 100 million products, the global e-commerce giant's stock market value climbed to breach the $900bn mark for the very first time.
13 Jul 2018
IndiaMukesh Ambani overtakes Jack Ma to be Asia's richest person
India's richest man, Mukesh Ambani, has now become Asia's richest man, overtaking Alibaba Group founder Jack Ma.
14 Jun 2018
Climate ChangeBill Gates' $1bn-fund makes first investment in energy storage startups
Breakthrough Energy Ventures (BEV), the $1 billion fund launched by millionaires Bill Gates, Jeff Bezos, Richard Branson, Mark Zuckerberg, Jack Ma, Mukesh Ambani, and George Soros in 2016 to create new energy technologies and fight climate change, is finally making its first investment.
13 Feb 2018
IndiaWhat if the world's richest paid for government spending?
Bloomberg Politics has constructed an index to see how many days governments can keep running if the richest person from each country pays for governments' expenditure.
03 Nov 2017
Alibaba GroupChina's online-shopping boom continues, Alibaba has an 'outstanding quarter'
Chinese e-commerce giant Alibaba Group posted stronger-than-expected third-quarter results with a massive jump in revenue as the online shopping boom continues in China.
14 Sep 2017
White HouseUS stops sale of American chip manufacturer to China-backed group
The US has stopped the sale of an American company to a Chinese-backed firm citing security concerns.
09 Jun 2017
Alibaba GroupJack Ma gains $2.8 billion in one day
The founder and executive chairman of Alibaba Group, Jack Ma became Asia's richest man and the 14th wealthiest man in the world; his net worth surged from $8.5 billion to $41.8 billion this year.
07 Jun 2017
PaytmPaytm founder Vijay Shekhar's new Lutyens' zone acquisition
Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.
04 Dec 2016
Alibaba GroupSnapdeal denies reports of Alibaba's acquisition interest
After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.
11 Nov 2016
Alibaba GroupAlibaba's Singles' Day clocks over $5 billion in one hour
Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.
