Jack Ma to give up control of Ant Group: report

Economy 07/30/22, 01:50

As the Wall Street Journal reported on July 28, Alibaba founder Jack Ma will pass over his fintech giant Ant Group.  Sources told the outlet Ma might relinquish control by giving some of his voting authorities to Ant executives, such as Chief Executive Eric Jing. He may also transfer some of ...

Alibaba’s stock drops due to fear of China’s new regulations

Economy 02/23/22, 16:53

According to Reuters, the regulatory authorities have ordered state-owned companies to give information on their equity investments, asset-backed securities exposure, and Ant group loans. The move made a wave of sell-off Alibaba shares on Tuesday as Alibaba held 1/3 shares in Ant Group. Alibaba Group shares dropped 5.3 percent before ...

Jack Ma’s Ant Group involved in Hangzhou corruption scandal

In-depth Reports 01/22/22, 20:51

Chinese state television CCTV on Jan. 19 premiered another episode of the Chinese regime's corruption documentary.  The story featured former Hangzhou party secretary Zhou Jiangyong, who was arrested last August. He is accused of helping an unnamed company buy land at low prices and gain preferential policies. The unidentified company was said ...

Jack Ma’s whereabouts continue to be a mystery

China 12/08/21, 15:42

The whereabouts of Jack Ma, the founder of Alibaba, continue to be a mystery to the public. The last time he was seen in public was a month ago in Europe. At the end of October this year, the Hong Kong press reported that Jack Ma had arrived in Hong Kong ...

Alibaba head’s remarks spark debate over China working hours

Business 04/18/19, 23:33

Remarks by the head of Chinese online business giant Alibaba that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country.Jack Ma is one of China's richest men and his comments last week brought ...

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