Jack Ma

Alibaba Group Holding Ltd (NYSE: BABA) has been fined by the Chinese market regulator for not reporting past deals properly, Reuters reported Monday (Shanghai time). What Happened: The State Administration of Market Regulation fined Alibaba $76,464.29 (RMB 500,000) after it reviewed the company...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group is unlikely to be able to hold its suspended initial public offering before 2022, Bloomberg reported Sunday. What Happened: Chinese regulators are demanding that Ant comply with both new and proposed rules applicable to various fields...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group's initial public offering can still clinch the title of the world's biggest IPO, Liu Qiang said at CNBC's annual East Tech West conference. Liu Qiang is the vice president of Fosun Technology and Financial Group,...

Shares of Kensington Capital Acquisition Corp (NYSE: KCAC) are trading higher by over 30% Friday. The move comes the day after the company announced a date of Nov. 25 to vote on the pending merger with battery company QuantumScape. Why It’s Important: QuantumScape is backed by Bill Gates and...

China's President Xi Jinping personally made the decision to halt Alibaba Group Holdings (NYSE: BABA)-backed Ant Group's initial public offering, touted to be the world's largest IPO, a Wall Street Journal report claims. What Happened: Ant Group could...

Alibaba Group Holding Ltd (NYSE: BABA) said the gross merchandise value (GMV) at its Singles Day shopping event has surpassed $56.42 billion (RMB 372.3 billion) as of 12:30 a.m. on Wednesday (Beijing Time). What Happened: The shopping bonanza, which is typically a single day event, has run...

Alibaba Group Holding Ltd. (NYSE: BABA)-backed Ant Group could see its valuation slashed by half as its initial public offering is blocked by Chinese regulators, analysts from Morningstar, and others, estimate. What Happened: The Chinese financial technology giant is headed to lose about $140...

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group’s initial public offering and dual listing in Hong Kong and Shanghai could be delayed by at least six months, the Financial Times reported Thursday. What Happened: On Tuesday, the listing, which would have raised $37 billion, was...

Alibaba Group Holding Ltd (NYSE: BABA)-owned Ant Group’s initial public offering may have been scuttled by Beijing due to its "disinclination to allow entrepreneurs out of their lane," Duncan Clark, author of "Alibaba: The House that Jack Ma Built" told the...

Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma’s wealth eroded by nearly $3 billion as the Chinese conglomerate’s shares fell more than 8% in New York after its Ant Group’s dual listings in Shanghai and Hong Kong were suspended, according to the Bloomberg Billionaires...

Less than 48 hours before what's expected to be the largest IPO in history, the Shanghai Stock Exchange has suspended the IPO of Ant Group, the financial company partially owned by Alibaba Group Holding (NYSE: BABA). What Happened: The Shanghai Stock Exchange is temporarily postponing the IPO,...

Jack Ma, the co-founder of the Ant Group and Alibaba Group Holding Ltd (NYSE: BABA), has been summoned by China’s central bank and three other regulators for questioning, the Financial Times reported Monday. What Happened: The People’s Bank of China, China Banking and Insurance...

Ant Group’s dual initial public offering listings in Shanghai and Hong Kong will be the world’s largest, Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma said Saturday, as reported by CNBC.  What Happened: The IPO was priced Friday night but Ma didn't ...

Alibaba Group Holdings Ltd (NYSE: BABA)-backed fintech firm Ant Group is planning to revise the target valuation for its initial public offering to $280 billion, Bloomberg reports. Ant was earlier said to be targeting $250 billion. What Happened: The 12% increase in enterprise valuation is a...

Alibaba Group Holding Ltd (NYSE: BABA) has agreed to acquire up to a 9.99% stake in Switzerland-based travel retailer Dufry AG (OTC: DUFRY), the latter said in a statement Monday. What Happened: The investment will be made through a rights issue that will rake in $763 million — higher than...