Jack Ma

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...

After months of globetrotting Chinese billionaire Jack Ma reportedly returned to China as the crackdown seemed to ease with the focus shifted to investment banker Bao Fan.  What Happened: The co-founder of Alibaba Group Holdings (NYSE:BABA) visited a school he founded in Hangzhou, the hometown of...

Tech billionaires are known for their lavish lifestyles and extravagant spending habits. Many of these tycoons turned their startups into some of the biggest companies in the world resulting in billions of dollars in personal wealth accumulation.  When you have more money than you could ever...

Billionaire Jack Ma, who maintained a low profile amid China’s regulatory crackdown, has since late 2022 gradually resumed globetrotting. What Happened: Ma, the co-founder of Chinese e-commerce giant Alibaba Group Holding Limited (NYSE:BABA), is reportedly now in Australia but his exact...

Alibaba Group Holding Limited (NYSE:BABA) co-founder Jack Ma was spotted in Hong Kong for a series of meetings with tech and finance executives. What Happened: Billionaire Ma, who maintained a low profile since China's regulatory crackdown, has been meeting prominent business figures in the city,...

Alibaba Group Holding Ltd (NYSE: BABA) shares closed higher Tuesday after the company signed a cooperation agreement with Hangzhou authorities. What Happened: According to a Reuters report citing local media, Alibaba has agreed to cooperate with government officials in Hangzhou, which is the city...

Chinese President Xi Jinping on Tuesday sent out a clear signal to officials to steer clear of any unholy nexus with big businesses in the country. What Happened: Action should be taken to prevent Chinese officials from acting in favor of any interest or power group and colluding with businesses...

The lull that characterized the holiday period continued into the past weekend. News flow is likely to pick up pace after the Martin Luther King Jr. holiday scheduled for Jan. 16, as the curtains lift on the fourth-quarter reporting season. Here's a recap of a few major headlines that hit the...

Trading in the U.S. index futures points to a positive start by Wall Street stocks on Monday. With not much going around, traders may turn to a Fed speech, any potential preannouncements and energy prices for trading cues. What Happened: U.S. stocks closed the week ending Jan. 6 on a positive...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire Jack Ma ceding control of Ant Group. Ma’s 10% stake in Ant will drop to 6.2% under the proposed plan, according to a report...

Shares of several Chinese companies are trading higher Wednesday after Chinese regulators reportedly approved a capital raise for Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma's Ant Group. Some of the stocks making the biggest moves include Baidu Inc (NASDAQ: BIDU),...

Chinese regulators have reportedly cleared a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit. The China Banking and Insurance Regulatory Commission division approved the company’s plan to raise its capital to 18.5 billion yuan...

Shares of One 97 Communications Ltd., which operates Paytm, India’s largest digital payments provider, soared over 7% in intraday trade on Friday after the company notified a board meeting to consider a share buyback. The board of the company backed by billionaire Warren...

Alibaba Group Holding Limited (NYSE: BABA) co-founder Jack Ma stepped down as the General Association of Zhejiang Entrepreneurs president, a position he has held since 2015. Ma, now 58, continued his post-retirement tour of food-related businesses and farms worldwide, SCMP reports. Nan...

Alibaba Group Holding Limited (NYSE: BABA) cofounder and one of China's richest business tycoon Jack Ma lived in central Tokyo for months amid Beijing's regulatory crackdown. Ma's months-long stay in Japan with his family included stints in hot springs and ski resorts in the...