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Tag: Jack Ma

Regulators ground Jack Ma for alleged unfair practices

By Matthew Walsh Beijing, China—Jack Ma, the unconventional billionaire founder of tech giant Alibaba and the totem of China’s entrepreneurial brilliance, has stepped out of...

Jack Ma to cede control of fintech giant Ant Group

Chinese billionaire Jack Ma will cede control of fintech giant Ant Group as part of a restructure, the company announced Saturday. “No shareholder, alone or...

Jack Ma spotted in Japan amid tech crackdown

Tokyo—Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view following China’s crackdown on the tech...

Chinese company powers financial and e-commerce transactions in PH

Alibaba Group, a Chinese multinational technology company co-founded by businessman Jack Ma, expects to get a bigger share of cloud computing and storage services...

Tech giant Grab’s female co-founder blazes a trail

By Martin Abbugao As co-founder of multi-billion dollar ride-hailing and food delivery firm Grab, Tan Hooi Ling is already smashing stereotypes in tech but she's...

Alibaba shares slump 5% on Beijing’s scrutiny of Ant Group

Shares in Alibaba slumped more than five percent on Tuesday following a report that Beijing regulators had ordered a fresh investigation into state firms'...

India’s mobile payment firm launches IPO

Mumbai, India—India’s biggest-ever initial public offering opened Monday with digital payments platform Paytm looking to raise nearly $2.5 billion, in what has already been...

Jack Ma to resign as president of his business school

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Jack Ma’s firm Alibaba fined record $2.78b

SHANGHAI—Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse...

Facing pressure at home, Chinese tech giants expand in Singapore

By Martin Abbugao SINGAPORE—Chinese tech giants are expanding in Singapore as they face a crackdown at home and growing pressure in other key markets—but they...

China crackdown reduces Big Tech firms down to size

Shanghai, China—Tighter regulations, billions in lost overseas share value and government pledges to get even tougher—Chinese tech giants are reeling under what looks like...

China denies $1B penalty for Alibaba in monopoly case

Beijing—China denied on Friday it was planning to hit e-commerce giant Alibaba with a fine of almost $1 billion for allegedly flouting monopoly rules,...

Over 200 billionaires join China’s growing list

BEIJING—More than 200 billionaires were created in China last year as booming stock markets and a flood of new listings offset the ravages of...

Alibaba’s Jack Ma shows up

BEIJING, China—Jack Ma, the billionaire founder of Chinese internet behemoth Alibaba, made his first public appearance in over two months in an online video...
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