Jack Ma

Alibaba Group Holding Ltd (NYSE: BABA) has fired a newly appointed senior executive accused of sexual assault, Bloomberg reported Sunday. What Happened: Li Yonghe, who was appointed last month to lead Alibaba’s newly created non-retail-focused division, resigned as did his human resources...

Chinese battery supplier Contemporary Amperex Technology Co’s Chairman Robin Zeng has zipped past Alibaba Group Holding (NYSE: BABA) co-founder Jack Ma to be the world’s twenty-fifth richest person, as per the real-time Forbes billionaires list. What Happened: The 52-year old...

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) is set to make its first big investment since paying a record antitrust fine as part of a crackdown on the Jack Ma-led company, Bloomberg News reported on Thursday. What Happened: The U.S. listed e-commerce company has teamed up with the...

Alibaba Group Holding Limited (NYSE: BABA)-backed Ant Group has sought to clarify that non-fungible tokens (NFTs) are not cryptocurrencies, according to a report by Reuters. What Happened: Ant’s clarification came after 16,000 copies of NFTs representing two artworks were reportedly sold on...

Alibaba Group Holding Limited (NASDAQ: BABA) founder Jack Ma, who has had run-ins with Chinese regulators, has remained out of the public view for some time now. The former Alibaba boss is keeping a low profile by choice, according to a top exec at the e-commerce giant.  What Happened:...

Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) is investing $1 billion aimed at supporting local talent and start-ups to expand its cloud computing arm Alibaba Cloud in Southeast Asia amid rising competition, as reported by South China Morning Post. What Happened: Project AsiaForward,...

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group has secured a key China Banking and Insurance Regulatory Commission approval to operate a consumer finance company, CNBC reported on Thursday. What Happened: Ant will hold a 50% stake and contribute about $625.93 million to the new company,...

CNBC host Jim Cramer said he likes Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) “very much” and recommended that investors buy and hold on to the stock. What Happened: On the CNBC “Mad Money" lightning round Tuesday, Cramer noted that Alibaba’s...

Alibaba Group Holdings Ltd (NYSE: BABA) says the number of vendors that have signed up for the "6.18" mid-year online shopping festival has doubled from last year, according to a report by China state-affiliated media Caixin Global. What Happened: The annual mid-year shopping...

Alibaba Group Holdings Ltd (NYSE: BABA) co-founder Jack Ma will step down from his position at Hupan University, an elite business academy he founded six years ago, according to a Financial Times report. What Happened: The prestigious Hupan University has changed its name to Hupan Innovation Center...

A consortium led by Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) has invested $400 million in the consumer retail arm of Vietnamese conglomerate Masan Group Corp. What Happened: Masan Group said in a statement that the consortium, which includes Alibaba and Baring Private...

Chinese e-commerce giant Alibaba Group Holding Limited’s (NYSE: BABA) affiliate Ant Group is among the first privately-run businesses to be included in China’s digital currency trials, CNBC reported Sunday. What Happened: MYbank – an online bank backed by Ant Group – has...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) is worried about how Apple Inc.’s (NASDAQ: AAPL) new privacy rule changes will impact its business, according to a report by The Information (via 9to5 Mac). What Happened: Alibaba invited half a dozen marketing industry...

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group is under fresh regulatory scrutiny as China is now probing how the ace entrepreneur Jack Ma won quick approvals for the stock’s initial public offering last year, The Wall Street Journal reported on Tuesday. What Happened: Ma’s...

Alibaba Group Holdings Ltd (NYSE: BABA)-backed Ant Group’s valuation could potentially plummet to as low as $29 billion, according to Bloomberg Intelligence analyst Francis Chan. What Happened: The company’s valuation could drop to a range of $29 billion to $115 billion, from $320...