Jul 30, 2021 12:10 PM IST
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
- Jun 15, 2021 07:24 PM IST
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.
- May 24, 2021 01:48 PM IST
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.
- May 13, 2021 06:08 PM IST
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.
- Apr 23, 2021 12:20 PM IST
Beijing’s unrelenting displeasure with the man behind Ant justifies a steep haircut to the valuation of $316bn mooted before the listing was suspended
- Apr 17, 2021 06:54 PM IST
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.
- Apr 13, 2021 11:36 AM IST
The penalty on Alibaba Group is equivalent to around 4 percent of the e-commerce giant's revenues in 2019.
- Apr 13, 2021 09:29 AM IST
The overhaul includes Ant turning itself into a financial holding firm, a move expected to curb its profitability and valuation by curtailing some of its freewheeling businesses.
- Apr 09, 2021 03:20 PM IST
The enrollment halt comes amid Beijing’s crackdown on Jack Ma’s businesses. Late last year Ant Group, a financial affiliate of Alibaba, abruptly suspended a planned $37 billion IPO in Shanghai following pressure from the authorities.
- Apr 07, 2021 11:15 AM IST
Forbes’ 35th annual list of the world’s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row.
- Mar 24, 2021 03:15 PM IST
China’s urge to dictate the fortunes of its technology giants is coinciding with a global backlash which is pushing them to seek listings closer to home.
- Mar 24, 2021 08:24 AM IST
The meeting is the most concrete indication yet that China’s unprecedented antitrust crackdown, which started late last year with billionaire Jack Ma’s Alibaba business empire, could soon target other internet behemoths.
- Mar 16, 2021 12:24 PM IST
Alibaba is most notably the owner of Hong Kong's leading English-language daily, the South China Morning Post and has stakes in social media site Weibo and online video platform Bilibili besides other media and advertising.
- Feb 03, 2021 03:47 PM IST
The restructuring plan talks about putting all of Ant’s businesses into a financial holding company
- Feb 02, 2021 02:50 PM IST
China’s best-known businessman Jack Ma was not mentioned in a front-page article published by the Shanghai Securities News. Instead, Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.
- Jan 21, 2021 11:11 AM IST
Ma’s last public appearance before this was in October 2020, when he criticised China's regulatory system and state-run banks.
- Jan 20, 2021 03:08 PM IST
Jack Ma -- one of Asia's richest people with a fortune estimated at around $58 billion -- disappeared from the public eye after he was hauled in front of regulators for an October speech critical of China's financial system.
- Jan 20, 2021 10:36 AM IST
In early January, Alibaba founder Jack Ma was found missing from public action for more than two months.
- Jan 12, 2021 12:18 PM IST
Taken together, the regulatory measures amount to an unprecedented squeeze on a business empire whose ubiquitous services are central to the functioning of China’s pioneering online economy
- Jan 06, 2021 11:15 AM IST
The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such businesses would be allowed. Both long shots grew to dominate their industries.
- Jan 06, 2021 09:45 AM IST
Jack Ma’s latest gambit backfired after he had called regulators too conservative in an October 24 speech and urged them to be more innovative
- Jan 04, 2021 10:59 AM IST
Jack Ma, a former English teacher, is considered one of China’s internet pioneers. He built an ecommerce empire with Alibaba and later a fintech giant Ant Group.
- Dec 30, 2020 10:06 AM IST
China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company's Hong Kong-listed shares.
- Dec 27, 2020 05:23 PM IST
The scrutiny of Ant Group and Alibaba comes as China closely examines the influence of the country’s internet sector.
- Dec 25, 2020 10:40 AM IST
For all of China’s economic success, a long-running resentment of the rich, sometimes called the wealthy-hating complex, has long bubbled below the surface. With Ma, it has emerged with a vengeance