Jack Ma

Ant used domestic chips, including from affiliate Alibaba Group Holding Ltd. and Huawei Technologies Co., to train models using the so-called Mixture of Experts machine learning approach, the people said

Prominent entrepreneurs including Ma have been invited to meet the nation’s top leaders, people familiar with the matter said last week

While these leaders promote hustle culture, a growing number of workers, particularly younger generations like Gen Z, prioritise flexibility and personal well-being.

Chinese authorities abruptly halted Ant’s IPO in November 2020 and ordered a sweeping overhaul of its business model to comply with financial regulations

From Jack Ma's message to Alibaba Employees, DoJ probe in Nippon Steel-US Steel deal, US Treasury yields, crude spike to Meta's AI plans — here's a look at recent business developments around the world

The People's Bank of China imposed the fine on Friday, stating that Ant had violated laws and regulations related to corporate governance, financial consumer protection, etc

The appointment term for China's best-known entrepreneur finishes at the end of October, but the contract is renewable on an annual basis, the university said.

Jack Ma, who is also the founder of Ant Group, discussed education and ChatGPT technology with the school, according to the report.

Hong Kong-listed shares of Jack Ma's Alibaba jumped more than 5%.

Jack Ma, who has been mostly out of public view amid China's tech crackdown, is back in news after relinquishing control of Alibaba affiliate Ant Group.

The change of control could mean that Ant will have to wait longer for a much anticipated resumption of its initial public offering

The China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift its capital to 18.5 billion yuan, according to a notice on Dec. 30.

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, 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.

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 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.

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.

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.

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'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.