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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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  • 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.

  • Explained | Why Jack Ma's wealth rose by $2.3 billion after China fined Alibaba Apr 13, 2021 11:36 AM IST

    Explained | Why Jack Ma's wealth rose by $2.3 billion after China fined Alibaba

    The penalty on Alibaba Group is equivalent to around 4 percent of the e-commerce giant's revenues in 2019.

  • China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group Apr 13, 2021 09:29 AM IST

    China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

    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.

  • China halts new enrollments at business school backed by Jack Ma: Report Apr 09, 2021 03:20 PM IST

    China halts new enrollments at business school backed by Jack Ma: Report

    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.

  • Richest man in Asia | Mukesh Ambani dethrones Jack Ma: Forbes Apr 07, 2021 11:15 AM IST

    Richest man in Asia | Mukesh Ambani dethrones Jack Ma: Forbes

    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.

  • Why China is putting its internet champions on the backfoot Mar 24, 2021 03:15 PM IST

    Why China is putting its internet champions on the backfoot

    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.

  • After Jack Ma, Tencent’s Pony Ma faces China anti-trust scrutiny Mar 24, 2021 08:24 AM IST

    After Jack Ma, Tencent’s Pony Ma faces China anti-trust scrutiny

    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.

  • China asks Alibaba to divest stake in media assets, including South China Morning Post Mar 16, 2021 12:24 PM IST

    China asks Alibaba to divest stake in media assets, including South China Morning Post

    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.

  • Jack Ma's Ant Group reaches agreement with China regulators to turn into financial holding company Feb 03, 2021 03:47 PM IST

    Jack Ma's Ant Group reaches agreement with China regulators to turn into financial holding company

    The restructuring plan talks about putting all of Ant’s businesses into a financial holding company

  • Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders Feb 02, 2021 02:50 PM IST

    Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

    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.

  • Jack Ma's first public appearance in months helps Alibaba’s valuation soar $58 billion Jan 21, 2021 11:11 AM IST

    Jack Ma's first public appearance in months helps Alibaba’s valuation soar $58 billion

    Ma’s last public appearance before this was in October 2020, when he criticised China's regulatory system and state-run banks.

  • Alibaba's shares surge as Jack Ma reappears Jan 20, 2021 03:08 PM IST

    Alibaba's shares surge as Jack Ma reappears

    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.

  • Jack Ma spotted attending video conference for rural teachers, months after public absence Jan 20, 2021 10:36 AM IST

    Jack Ma spotted attending video conference for rural teachers, months after public absence

    In early January, Alibaba founder Jack Ma was found missing from public action for more than two months.

  • Jack Ma vs Xi Jinping: the future of private business in China Jan 12, 2021 12:18 PM IST

    Jack Ma vs Xi Jinping: the future of private business in China

    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

  • Where is Jack Ma, China’s e-commerce pioneer? Jan 06, 2021 11:15 AM IST

    Where is Jack Ma, China’s e-commerce pioneer?

    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.

  • Jack Ma not missing, Alibaba founder 'laying low' Jan 06, 2021 09:45 AM IST

    Jack Ma not missing, Alibaba founder 'laying low'

    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

  • Billionaire Jack Ma suspected missing amid conflict with Chinese regime Jan 04, 2021 10:59 AM IST

    Billionaire Jack Ma suspected missing amid conflict with Chinese regime

    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.

  • Amid China's scrutiny, Jack Ma's wealth falls nearly $11 billion in two months: Report Dec 30, 2020 10:06 AM IST

    Amid China's scrutiny, Jack Ma's wealth falls nearly $11 billion in two months: Report

    China has begun an investigation into suspected monopolistic activities by Alibaba, which hurt the company's Hong Kong-listed shares.

  • China orders Ant Group to rectify businesses Dec 27, 2020 05:23 PM IST

    China orders Ant Group to rectify businesses

    The scrutiny of Ant Group and Alibaba comes as China closely examines the influence of the country’s internet sector.

  • Why China turned against Jack Ma Dec 25, 2020 10:40 AM IST

    Why China turned against Jack Ma

    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

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