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Alibaba Founder Jack Ma Makes First Public Appearance Since October
Alibaba founder Jack Ma has made his first public appearance since October after questions swirled about his whereabouts.
According to Chinese state media, the tech billionaire appeared via video link at the Jack Ma Rural Teachers Award ceremony on Wednesday, meeting with teachers from across the Middle…
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By Jake Kanter
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0 Comments Comment on Alibaba Founder Jack Ma Makes First Public Appearance Since October
Jack Ma’s Disappearance From African TV Show Sparks Questions About Alibaba Founder’s Whereabouts
Questions are growing about the whereabouts of Jack Ma, the billionaire founder of Chinese tech giant Alibaba, after he failed to appear on the finale of an African business TV show he created.
Ma was a no-show as a judge on the entrepreneurial talent series, Africa's Business Heroes, in November, just weeks after he…
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By Jake Kanter
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Alibaba Chairman Jack Ma Steps Down From Chinese Internet Giant
Jack Ma has stepped down as chairman of Alibaba Group, the Chinese internet giant he co-founded 20 years ago.
Ma's retirement is not a surprise. He announced last year that he would be standing aside to devote more time to "education, philanthropy and the environment."
His departure coincides with his birthday and he…
China Savors ‘Green Book’ Oscars As State Media Touts Country’s Global Influence
Chinese viewers tuned in to watch the Oscars live beginning at 7:30 AM Monday local time, following along as Green Book took Best Picture honors. The win has made national headlines in the Middle Kingdom and could have significant resonance in the country, where the film releases Friday and has the muscle of Alibaba Pi…
Jack Ma Confirms Alibaba Exit: “I Still Have Lots Of Dreams To Pursue”
Jack Ma has formally confirmed his retirement from Alibaba Group Holding Ltd., detailing plans on passing control to CEO Daniel Zhang in 2019.
Ma, Asia’s richest man, plans to exit on his 55th birthday next year, but will remain on the Alibaba board until 2020. He plans to focus on philanthropy and education, he said…
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By Bruce Haring
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- Breaking
- Business
Alibaba’s Jack Ma To Retire To Focus on Philanthropy
Jack Ma, the former English teacher who built one of the world’s most influential e-commerce businesses, said he will step down as Alibaba’s executive chairman next week to focus on philanthropy, the New York Times reported.
Alibaba transformed how the Chinese people shop and make purchases, and made Ma the richest…
Wanda Film Unit Sells $1.24B Stake To Alibaba & State-Owned Investment Group
As Dalian Wanda Group Chairman Wang Jianlin pursues an asset-light strategy with a focus on reducing corporate debt, the company is selling a 12.77% stake in its film unit for RMB 7.8B ($1.24B). The buyers are Hangzhou Zhenxi Investment Management Co, an affiliate of Jack Ma’s Alibaba Group, and the state-owned…
Alibaba Third-Quarter Revenue Surges 54% To $7.67B
Chinese e-commerce giant Alibaba posted a 54% increase in revenue for the third quarter of the financial year, bringing its total to $7.67B for the three months ending December 31, 2016.
It was a better-than-expected hike for Jack Ma's company, which was driven largely by Single’s Day, China's annual shopping event on…
Alibaba Group Becomes Worldwide Olympic Games Partner Through 2028 – Davos
Jack Ma’s Alibaba Group and the International Olympic Committee used the World Economic Forum as a platform today to announce a historic and long-term deal which sees the Chinese e-commerce giant become IOC’s Worldwide Olympic Partner through 2028. Under the digital pact, Alibaba will be the IOC’s official cloud…
Alibaba’s Jack Ma On Hollywood Ambition & Donald Trump: “Give Him Time, He’s Listening” – Davos
Chinese e-commerce giant Alibaba's executive chairman Jack Ma said the company's ambitions to link up with Hollywood remain strong and also urged people to give President-Elect Donald Trump "some time” because “he’s listening.”
Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, the Chinese…
China President Warns On Trade War: “No One Emerges A Winner” – Davos
In a speech at the World Economic Forum in Davos, Switzerland this morning, Chinese President Xi Jinping never uttered Donald Trump’s name, but his message for the U.S. President-elect was clear enough. Xi, who is the first Middle Kingdom head of state to address the annual gathering, kicked off the proceedings by…
Alibaba’s Jack Ma & Donald Trump Meet To Talk China-U.S. Relations
Chinese e-commerce giant Alibaba’s executive chairman Jack Ma and President-elect Donald Trump met Monday at Trump Tower in New York in what is being described on both sides as a positive meeting. At the center of the discussion was agriculture in the U.S. Midwest; Chinese firms recently have been buying up farmland…
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By Anita Busch
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- Breaking
- Business
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