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Jack Ma is a Chinese entrepreneur and co-founder and former executive of technology company Alibaba. As of May 2020, Ma was the second-richest man in China with networth of $42 billion and among the world’s wealthiest people. More

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  • Chinese billionaire Jack Ma living in Tokyo after China's crackdown against firms: Report Nov 30, 2022 06:52 AM IST

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

    Jack 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.

  • Alibaba may witness a decline in earnings for the first time ever; analysts hopeful for recovery in next quarter Aug 04, 2022 12:31 PM IST

    Alibaba may witness a decline in earnings for the first time ever; analysts hopeful for recovery in next quarter

    Alibaba, the Chinese e-commerce juggernaut is anticipated to announce fiscal first-quarter revenue totalling 203.23 billion yuan ($30.05 billion), down 1.2 percent from the year ago period.

  • Jack Ma escapes Beijing’s crosshairs by giving up his power Jul 29, 2022 09:07 AM IST

    Jack Ma escapes Beijing’s crosshairs by giving up his power

    In one sign of how skittish investors had been about the tycoon’s fate as recently as two months ago, Alibaba shares briefly lost $26 billion after a state media report that authorities had imposed curbs on a person surnamed Ma. Subsequent information made clear the report was referring to someone else.

  • Jack Ma plans to give up control of Ant Group by divesting stake in controlling entity: Report Jul 28, 2022 05:36 PM IST

    Jack Ma plans to give up control of Ant Group by divesting stake in controlling entity: Report

    Jack Ma holds 34 percent stake in Hangzhou Yunbo, the controlling entity, whereas, the remainder 66 percent is divided among Ant CEO Eric Jing, former chief executive Simon Hu and ex-non executive director Fang Jiang.

  • Jack Ma’s Ant to apply for key license as soon as this month Jun 22, 2022 02:46 PM IST

    Jack Ma’s Ant to apply for key license as soon as this month

    The People’s Bank of China intends to accept Ant’s application to become a financial holding company once it’s submitted and will then start a review process, which could take months, said the people, asking not to be identified discussing a private matter.

  • Ant Group says no plan to initiate IPO Jun 09, 2022 06:15 PM IST

    Ant Group says no plan to initiate IPO

    After news of early stage discussions on a potential revival of Ant Group Co.’s initial public offering came earlier this day,the Ant Group revealed it has no plan to initiate an initial public offering via its WeChat account.

  • China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases Jun 09, 2022 03:58 PM IST

    China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases

    According to persons familiar with the situation, Chinese financial regulators have begun preliminary discussions about reviving Ant Group Co.'s initial public offering.

  • Elon Musk says China will lose 40% of its population every generation at current birth rate Jun 07, 2022 04:57 PM IST

    Elon Musk says China will lose 40% of its population every generation at current birth rate

    Elon Musk's comments came at a time when the Chinese government has been seeking to restore confidence after Covid restrictions disrupted people’s willingness to get married and have children.

  • Elon Musk says he's a 'rare exception' as a rich person with several kids May 25, 2022 01:01 PM IST

    Elon Musk says he's a 'rare exception' as a rich person with several kids

    Elon Musk has seven children -- twins Xavier and Griffin, triplets Kai, Saxon and Damina, X Æ A-Xii and his youngest, Y.

  • Alibaba, Ant Financial exit Paytm Mall, offloads 43% stake for Rs 42 crore May 17, 2022 03:46 PM IST

    Alibaba, Ant Financial exit Paytm Mall, offloads 43% stake for Rs 42 crore

    The price at which Jack Ma sold Alibaba's stake brings Paytm Mall's valuation to Rs 100 crore, down from $3 billion in 2020 when the company had last infused capital through a fundraiser.

  • The detention of a man named 'Ma' in China sent Alibaba’s stock crashing May 06, 2022 03:03 PM IST

    The detention of a man named 'Ma' in China sent Alibaba’s stock crashing

    A whopping $26 billion was wiped off of Alibaba’s market value in just a few minutes. But the company managed to recover the losses after a clarification.

  • Xi Jinping’s graft-buster has direct role in probe of Jack Ma’s Ant Apr 14, 2022 08:25 AM IST

    Xi Jinping’s graft-buster has direct role in probe of Jack Ma’s Ant

    The Central Commission for Discipline Inspection was seeking to understand the influence of Ma’s fintech empire and the extent of its transactions with state banks and enterprises, the people said, asking not to be identified discussing a sensitive issue. The agency’s involvement hasn’t been previously reported.

  • Jack Ma, Donald Trump and Xi Jinping: How Chinese billionaire flew close to the sun Nov 05, 2021 04:36 AM IST

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

    The story of Jack Ma's fall from official favour helps illustrate how rapidly China has transformed under Xi Jinping, as he nears what could be a precedent-breaking third term as leader of the economic powerhouse and exerts greater control over some of its most innovative companies.

  • Billionaire Alibaba founder Jack Ma touring Dutch research institutes Oct 27, 2021 07:58 AM IST

    Billionaire Alibaba founder Jack Ma touring Dutch research institutes

    The Chinese billionaire has largely been out of public view since he publicly criticised China’s regulatory system in a speech last year. His empire promptly came under heavy scrutiny from regulators and the $37 billion blockbuster IPO of his fintech affiliate Ant Group was suspended.

  • Jack Ma's speech costs Alibaba shareholders $344 billion: Reports Oct 26, 2021 04:51 PM IST

    Jack Ma's speech costs Alibaba shareholders $344 billion: Reports

    This is the biggest wipe out of shareholder value globally in big tech firms in past one year.

  • China's billionaire Jack Ma on first trip abroad after crackdown on Alibaba Oct 20, 2021 12:16 PM IST

    China's billionaire Jack Ma on first trip abroad after crackdown on Alibaba

    Jack Ma will be in Europe for a series of business meetings and an agriculture study tour. It will be his first overseas trip in more than a year.

  • Billionaire Alibaba founder Jack Ma reappears in Hong Kong Oct 12, 2021 10:49 PM IST

    Billionaire Alibaba founder Jack Ma reappears in Hong Kong

    Ma, once China's most famous and outspoken entrepreneur, met at least "a few" business associates over meals last week, said the people.

  • Beijing to break up Ant’s Alipay and force creation of separate loans app Sep 13, 2021 01:41 PM IST

    Beijing to break up Ant’s Alipay and force creation of separate loans app

    The Chinese government is seen to end Big Tech’s monopoly power that comes from their control of data

  • The Eastern Window | Why China’s action against tech firms would be counterproductive Aug 16, 2021 09:13 AM IST

    The Eastern Window | Why China’s action against tech firms would be counterproductive

    China’s $4 trillion tech industry has played a key role in establishing the China brand, bringing in new technology and talent and enhancing the country’s bargaining capability. Will all that change with the crackdown?

  • Could China tech crackdown offer lessons to the rest of the world? Jul 30, 2021 12:10 PM IST

    Could China tech crackdown offer lessons to the rest of the world?

    It has looked sudden, not to mention sharp, but more likely than not, Chinese President Xi Jinping has a broad geopolitical agenda, as much as a plan to rein in tech excesses that are tearing apart not only Chinese society, but also those across the world 

  • Alibaba executive says founder Jack Ma lying low: Report Jun 15, 2021 07:24 PM IST

    Alibaba executive says founder Jack Ma lying low: Report

    Following Ma's criticism of the Chinese regulatory system last year, Beijing came down heavily on the company, leading to the shelving of financial affiliate Ant Group's $37 billion initial public offering.

  • Jack Ma to step down as president of his business school: FT May 24, 2021 01:48 PM IST

    Jack Ma to step down as president of his business school: FT

    Sources told FT that Hupan University — an elite academy for Chinese business executives established in Ma's hometown of Hangzhou in 2015 — has changed its name and will restructure its curriculum.

  • Alibaba issues upbeat annual forecast on strong e-commerce trend May 13, 2021 06:08 PM IST

    Alibaba issues upbeat annual forecast on strong e-commerce trend

    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.

  • Jack Ma/Ant Group: a disruptor who is no longer good for business Apr 23, 2021 12:20 PM IST

    Jack Ma/Ant Group: a disruptor who is no longer good for business

    Beijing’s unrelenting displeasure with the man behind Ant justifies a steep haircut to the valuation of $316bn mooted before the listing was suspended

  • China’s Ant explores ways for Jack Ma to exit as Beijing piles pressure Apr 17, 2021 06:54 PM IST

    China’s Ant explores ways for Jack Ma to exit as Beijing piles pressure

    The high-stakes discussions come amid a revamp of Ant and a broader regulatory clampdown on China's technology sector that was set in motion after Ma's public criticism of regulators in a speech in October last year.