Jack Ma

The USD 255 billion Chinese group and Paytm have already invested together to build a dominant mobile-wallet payment business, now worth around USD 5 billion. Their smaller e-commerce unit is now being separated out to meet Indian regulations.

Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries.

"In the coming three to five years... the economic situation will be even more arduous than everyone had expected," the e-commerce billionaire said at an annual meeting of the General Association of Zhejiang Entrepreneurs.

Ruling out the much-talked about US-China trade war under the Trump presidency, founder of China's e-commerce giant Alibaba Jack Ma said the poor plight of American economy was due to the costly wars waged by Washington and has nothing to do with trade ties with Beijing.

The community is a not-for-profit foundation with more than 6,200 members organised in over 430 cities in 171 countries and territories.

"China and (the) US will never have a trade war. Give Trump some time. He's open minded," Ma told a panel at the meeting of business and political leaders in the Swiss Alps.

The Washington Post perhaps saw it coming when during the US presidential debates, the newspaper behind the Watergate expose, asked its readers to watch the Mexican Peso before calling the winner.

The directors of BEV include Reliance Industries chairman Mukesh Ambani, Alibaba founder Jack Ma, former energy hedge fund manager John Arnold, venture capitalists like Vinod Khosla and John Doerr and SAP founder Hasso Plattner.

Consumers spent more than 120 billion yuan (USD 17.6 billion) shopping online on leading e-commerce platform Alibaba in their annual buying spree yesterday, sources with Alibaba Group said today.

Wang, the chairman of Dalian Wanda Group, took the top spot with a personal fortune of USD32.1 billion, the report said, despite Ma, the founder of e-commerce giant Alibaba, seeing his wealth surge 41 percent from 2015.

Caesars Interactive Entertainment is currently owned by Caesars Acquisition Co (CAC) and Caesars Entertainment Corp. The sale will be a boon to the two affiliated companies, which are looking for cash as they embark on a complex merger.

China's unbranded goods are often better than the branded originals they imitate, founder of e-commerce giant Alibaba Jack Ma has said, posing an additional challenge to the battle against sales of counterfeits

Earlier on Tuesday, Executive Chairman Jack Ma said at an investor conference at Alibaba's headquarters in Hangzhou, Zhejiang province, the company expects to have 2 billion consumers on its books by 2036, up from 423 million active buyers in 2016.

Zhongshan-based Zhujiang Beverage, which sells products like milk-flavored drinks and porridge, said it registered its trademark "face book" in 2011. The company faced objections from Facebook, but gained approval from the Trademark Review and Adjudication Board the country's trademark authority in 2014 to use it.

Critics have questioned Alibaba's intentions for the paper, speculating it may be an attempt to buy influence or toe the Chinese government's line in Hong Kong, a semi-autonomous former British colony that enjoys a high degree of press freedom.

Alibaba, led by founder Jack Ma, has been expanding in areas beyond its core e-commerce base, such as online video, as volume growth in its online shopping business slows.

Chinese-language dailies may be more influential than the Post, but changes in its editorial direction are seen as a barometer for press freedom under Chinese rule.

Jerry Yang's new positions at Didi Kuaidi add a new link in the cobweb of relations between the Chinese ride hailing company and its investors, Alibaba and Japan's SoftBank Group Corp.

Earlier this year, Alibaba Pictures Group Ltd partnered with Paramount Pictures to promote the studio's latest "Mission: Impossible" installment in China and collaborated in online ticketing, promotion and merchandising for the film.

Earlier, publisher SCMP Group Ltd said it had received a preliminary approach by an unidentified third party interested in its media properties, which include the century-old newspaper.