Jack Ma

Shares in Alibaba Group Holding (NYSE:BABA) soared over 7% on Tuesday after co-founders Jack Ma and Joe Tsai purchased shares on both the New York and Hong Kong stock exchanges worth hundreds of millions of dollars. A regulatory filing with the Securities and Exchange Commission showed that Blue...

The future of Alibaba Group Holding Ltd (NYSE:BABA) hangs in the balance as the company grapples with a plummeting share price and the withdrawal of its cloud unit’s IPO. What Happened: Alibaba’s shares have sunk below $77, a drastic 75% fall from its $300 value in 2020. The...

Jack Ma's co-founded Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) is undergoing significant challenges.  Ma's internal blog post last year emphasized the need for change and reform at Alibaba, highlighting the company's loss of direction....

The recent frenzy surrounding the stock options of PDD Holdings (NASDAQ:PDD) has raised eyebrows among market observers. The latest developments suggest that a considerable portion of investors are betting on a bearish market sentiment. What Happened: Whales, or wealthy investors, have shown a...

On Nov. 30, for the first time, PDD Holdings (NASDAQ:PDD), also known as Pinduoduo, surpassed Alibaba Holdings’ (NYSE:BABA) market capitalization. This occurred even though there is a significant difference in the market share each company holds in China’s e-commerce sector. PDD...

In a recent interview, Charlie Munger, the late vice chairman of Berkshire Hathaway (NYSE:BRK), shared his insights on the investment in Alibaba Group Holding Ltd (NYSE:BABA). Munger’s comments come as a significant highlight, considering his renowned investment philosophy and the performance...

Alibaba Group Holding Ltd.’s (NYSE:BABA) co-founder, Jack Ma, has urged the company to alter its course of operations, as per an internal memo. He also expressed admiration for the strategic decisions made by a rival company, PDD Holdings Inc (NASDAQ:PDD). What Happened: Ma, took a step back...

Bill Gates-backed mining startup KoBold Metals is reportedly exploring the potential for expansion into the Democratic Republic of Congo. The San Francisco-based company is known for its copper project in Zambia. What Happened: KoBold Metals CEO Kurt House has revealed that the firm is studying...

Ant Group, a Jack Ma-founded affiliate company of Chinese tech giant Alibaba (NASDAQ: BABA), is withdrawing its investment from crypto-focused A&T Capital. A&T Capital was formed in 2021 with the majority of backing, roughly $100 million, from Ant Group. The company’s focus was to...

Jack Ma, the founder of Alibaba and Ant Group, has seen his net worth drop to just over $30 billion, a significant decrease from his peak wealth of $61.7 billion. This decline has been particularly sharp in the past week, with Ma losing around $4 billion, Fortune reports. Controversy and...

Billionaire Jack Ma-backed Ant Group Co. is planning to buy back as much as 7.6% of shares to retain skilled individuals and offer an exit to investors who have been impacted by the company's regulatory obstacles. According to a report by Bloomberg on Friday,...

Breakthrough Energy Ventures, backed by Bill Gates, Jack Ma and Jeff Bezos, recently led a $200 million funding round for KoBold Metals. Other investors included Andreessen Horowitz, and Bond Capital.  KoBold is using artificial intelligence (AI) to improve mining for the metals needed for electric...

Amazon founder Jeff Bezos' superyacht Koru may have been the cynosure of all eyes in recent times. But not far behind in its magnificence and massiveness is Alibaba founder Jack Ma's superyacht Zen. What Happened: Zen was spotted in the Balearic Islands in Spain alongside Koru on Club de Mar...

An old video clip of a debate between Musk and Alibaba co-founder Jack Ma that resurfaced online spurred the Tesla CEO to take a swipe at the latter. The clip, from a 2019 Shanghai conference, shows Ma and Musk talking about Mars, technology and AI in an unmoderated event, which at many points...

Close on the heels of announcing a corporate reorganization, Alibaba Group Holding Limited's (NYSE: BABA) management provided more clarity on the way forward. What Happened: Jack Ma's Alibaba might cede control of some of its businesses after their initial public...