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 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…

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…

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…

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…

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…

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…

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…

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…

Alibaba Pictures Group is making what it calls a “comprehensive organization and business model upgrade” that it hopes will morph it into a “content-based Goldman Sachs-type organization” that looks to be “hard-nosed” rather than “an adventurer.” In step with the newly stated goals, the film and TV division of Jack Ma…

China’s e-commerce giant, Alibaba, is consolidating its key entertainment holdings under one new umbrella while also eyeing a complimentary fund of over 10B yuan ($1.5B) to invest in the digital media and entertainment industries. The newly-christened Alibaba Digital Media & Entertainment Group will include such…

In the most significant move by Alibaba Pictures to date, the company has taken a minority equity stake in Steven Spielberg’s Amblin Partners. Under what is being termed a "comprehensive strategic partnership,” the production arm of Jack Ma’s China e-commerce giant will team with Amblin to co-produce and finance films…