Jack Ma

Alibaba Group Holding Ltd (NYSE: BABA) needs to expand its horizons beyond China and Southeast Asia if it is to keep up current levels of growth, an analyst told CNBC Thursday. What Happened: Gil Luria, director of research at D.A. Davidson, talking on the “Squawk Box Asia” program,...

Alibaba Group Holding Ltd’s (NYSE: BABA) subsidiary Ant Financial has upsized its initial public offering valuation target by $25 billion to $250 billion, seeking to raise $35 billion, Bloomberg reported late Sunday. The financial services company, expecting to raise $30...

QuantumScape, a solid-state battery maker backed by Bill Gates and Volkswagen AG (OTC: VWAGY), is going public via SPAC Kensington Capital Acquisition (NYSE: KCAC). About QuantumScape: QuantumScape is a 10-year-old battery maker, spun out from Stanford University. The lithium batteries are said to...

What happened: Jack Ma’s Ant Group Ant Group intends to file for dual listings in Hong Kong and Shanghai targeting a valuation of about $225 billion, a Bloomberg report said. Ant Group is Alibaba Group Holding Ltd – ADR’s (NYSE: BABA) fintech arm and one of China’s dominant...

Credit Suisse Group AG (NYSE: CS) is set to reap the benefits of a secret investment it made in Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary Ant Financial Services Group, as the latter goes public in Hong Kong and Shanghai, Bloomberg reported Sunday. What Happened The...

SoftBank Group Corp (OTC: SFTBY) CEO Masayoshi Son announced that he is resigning from the board of Alibaba Group Holding Ltd (NYSE: BABA) on Thursday. What Happened Son announced his resignation from Alibaba's board, effective the same day, at the end of SoftBank’s annual...

Alibaba Group Holdings Inc. (NYSE: BABA) co-founder Jack Ma is resigning from SoftBank Group Corporation's (OTC: SFTBY) board of directors, the latter said in a statement Monday (Tokyo time). What Happened Ma, who had been a member of SoftBank's board since 2007, will resign at the...

Alibaba Group Holdings Ltd. (NYSE: BABA) co-founder Jack Ma has donated $14 million (100 million yuan) towards the research efforts for developing a vaccine against the novel Coronavirus through his non-profit organization. What Happened $5.8 million from the donation will go towards two government...

Alibaba Group Holding Ltd (NYSE: BABA) fintech subsidiary Ant Financial and gaming company Razer Inc (OTC: RAZFF) have joined the race to get Singapore's digital banking license. Ant Financial Seeks Wholesale License Ant Financial has applied for a wholesale bank license with the...

A majority of financial executives worldwide said that they consider Amazon.com, Inc.’s (NASDAQ: AMZN) Jeff Bezos as the top businessperson of the decade, according to CNBC. CNBC’s latest Global CFO Council survey named Amazon’s founder, CEO, and president, Jeff Bezos the most...

Alibaba Group Holding Ltd (NYSE: BABA) is going ahead with its planned Hong Kong IPO, CNBC reported on Wednesday. What Happened The Chinese e-commerce giant got the required regulatory approval from the city’s authorities on Tuesday, people close to the matter told CNBC....

Jack Ma, the founder of e-commerce giant Alibaba Group Holding Limited (NYSE: BABA), is the wealthiest person in China, the Forbes “China’s Richest 2019” list published on Wednesday shows. What Happened According to Forbes, Jack Ma’s net worth is $38.2 billion, putting him...

Tuesday marks Alibaba Group Holding Ltd (NYSE: BABA)'s 20th birthday, and to celebrate, outgoing co-founder and Chairman Jack Ma "returned to where it all started." What Happened Jack Ma was one of 18 Alibaba co-founders, and the company's early roots traces back to Ma...

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) announced CFO Maggie Wu will be tasked with running the company's strategic investments unit, Reuters reported Tuesday.  What Happened Wu will take over responsibility from Executive Vice-Chairman Joe Tsai, who was demoted to...

Alibaba Group Holding Ltd (NYSE: BABA) stock was trading lower Monday following a confusing couple of days concerning iconic Alibaba founder and Executive Chairman Jack Ma’s future with the company. What Happened The New York Times reported Friday that Ma was planning to retire ...