Jack Ma

Alibaba Group Holding Ltd (NYSE: BABA)-backed Ant Group plans to offer no-interest loans to employees who own illiquid stock options as it looks to boost employee morale after the suspension of its mega-IPO last year, Bloomberg reported on Monday. What Happened: Ant told employees last...

Ant Group along with Chinese regulators reportedly are working out a way forward for the company and exploring ways for Jack Ma to exit.  What Happened: Jack Ma, founder of Ant Group, reportedly may divest his stake and give up his control to begin easing China's scrutiny of the...

Even as Alibaba Group Holding Ltd (NYSE: BABA) was slapped with a record $2.8 billion fine by the Chinese government for violating antitrust laws, the fortune of the e-commerce giant’s co-founder Jack Ma rose by $2.3 billion. What Happened: Shares of Alibaba Group climbed almost 9.3% in New...

Shares of Alibaba Group Holdings (NYSE: BABA) jumped more than 8% on Monday in Hong Kong as investors cheered the record $2.8 billion fine slapped on China's biggest e-commerce company as a result of an anti-monopoly investigation and hoped it could be the end of the regulatory troubles for ace...

The regulatory troubles that have beset Jack Ma since November may be nearing their end, culminating in a hefty fine slapped on the Chinese tech entrepreneur's biggest brand. What Happened: China fined Ma's Alibaba Group Holding Ltd (NYSE: BABA) a record $2.8 billion after a...

One of the largest SPACs seeking a target could be nearing a $20 billion deal to bring one of the largest privately-held biotechnology companies public. The SPAC Rumor: Bloomberg reports Ginkgo Bioworks is in talks with Soaring Eagle Acquisition Corp (NASDAQ: SRNGU), a SPAC led by Harry Sloan and...

Alibaba Group Holding Limited’s (NYSE: BABA) popular internet browser has been removed by several internet companies from their app stores in China, the Financial Times reported Tuesday. What Happened: Most of China’s Android app stores, including those operated by technology companies...

China’s government wants Alibaba Group Holding Ltd. (NYSE: BABA) to sell its media assets due to concerns about the technology giant’s growing influence over public opinion in the country, the Wall Street Journal reported Monday, citing people familiar with the matter. What Happened:...

Ant Group, the financial technology affiliate of e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) retained its spot as the largest holder of blockchain patents in 2020, according to a report by International Asset Management that cited data from Clarivate’s Derwent World...

Ant Group, the financial technology affiliate of e-commerce giant Alibaba Group Holding Limited (NYSE: BABA), has pledged to become carbon neutral by 2030. What Happened: Ant Group said that to reach the goal within the next nine years, it will set up a carbon neutrality fund to support the...

A crackdown on fintech in China has hurt the valuation of one of the country's larger companies, and led to changes in the ranking of China's wealthiest people.  What Happened: Jack Ma, the co-founder of Alibaba Group Holding (NYSE: BABA), is no longer the richest person in China...

Alibaba Group Holding Ltd’s (NYSE: BABA) financial services arm Ant Group has shelved its share buyback program for current and soon-to-be-former employees due to ongoing regulatory uncertainty, Bloomberg reported Monday. What Happened: Employees of the Jack Ma-founded company are stuck with...

Alibaba Group Holding Ltd (NYSE: BABA) is planning to raise $5 billion by selling dollar-denominated bonds this week, Reuters reported Wednesday (Shanghai-time).  What Happened: The book for the offering will open on Thursday and the deal is expected to be priced on the same day, a person...

Alibaba Group Holding Ltd (NYSE: BABA) subsidiary Ant Group is planning to sell a key biometric security company it owns in the United States, the Financial Times reported Tuesday. What Happened: The Chinese fintech is looking to sell the Kansas City, Missouri-based EyeVerify in the first half of...

Alibaba Group Holdings Ltd. (NYSE: BABA)-backed Ant Group’s valuation is estimated to be around $108 billion, according to Bloomberg Intelligence. What Happened: This would be less than half of the $250 billion estimated valuation for Ant when it sought to go public late last year. China...