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Jack Ma

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

18 Nov 2024 - 4:00PM

China stock market

Hurun Rich List: China’s wealthiest lose money due to economy and market slides

29 Oct 2024 - 5:47PM

Alibaba

Alibaba looks on course for a turnaround amid investor frenzy for Chinese stocks

27 Sep 2024 - 9:00PM

Alibaba

Jack Ma calls on Alibaba to remain steadfast, ‘believe in the future’

To mark the 25th anniversary of Alibaba’s founding, Ma called on all employees to overcome competitive pressure, despite various challenges.

11 Sep 2024 - 9:05AMvideocam

Alibaba Group Holding founder Jack Ma says the company is made of “an idealistic spirit”. Photo: Handout

Ant Group

Fintech giant Ant Group spins off database firm as Alibaba affiliates take stake

A shareholder restructuring for OceanBase, which develops the database tech behind Alipay, gives 35 companies a stake, paving the way to a possible public listing

3 Jul 2024 - 11:12PM

Alibaba

Alibaba e-commerce unit’s latest executive reshuffle sees young leaders take over

The executive reshuffle at Taobao and Tmall Group shows how Alibaba is adhering to calls made by company co-founder Jack Ma to ‘give more power’ to young people.

31 May 2024 - 7:00AM

Alibaba

Alibaba opens new global headquarters in China on annual family day

The sprawling campus, Alibaba’s third in Hangzhou’s Xixi area, is a sign of the e-commerce giant’s commitment to its home city.

10 May 2024 - 9:00PM

Alibaba

Alibaba reorients business, rejigs overhaul after catalogue of mistakes

Alibaba scales back an ambitious business overhaul plan and bids farewell to a turbulent year, as its founders call on employees to embrace changes.

17 Apr 2024 - 5:27PM

Alibaba

Jack Ma backs Alibaba’s reforms as he steps into ‘mistakes’ hubbub

There is nothing to fear from missteps because nobody is error-free, Ma wrote, after his co-founder Joe Tsai touched on Alibaba’s mistakes in a podcast interview, generating a frenzy on China’s social media.

11 Apr 2024 - 4:26PMvideocam

Ant Group

Ant Group expands Alipay+ to serve visa-free, Lunar New Year travellers

The move comes as China has waived visa requirements for travellers from several countries, while Chinese tourists are expected to head abroad during Lunar New Year.

30 Jan 2024 - 3:31PM

Alipay+ is designed to help small businesses accept payments from travellers using their own local electronic wallets. Photo: Reuters

Alibaba

Japan’s SoftBank concludes run as Alibaba’s biggest shareholder

SoftBank expects to book US$8.5 billion, about 425 times the value of its initial Alibaba investment, for its 2024 financial year after divesting more than 500 million shares in the e-commerce giant.

27 Jan 2024 - 4:26PM

Alibaba

Exclusive | Jack Ma, Joe Tsai replace SoftBank as Alibaba’s largest shareholders

The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.

24 Jan 2024 - 6:08PM

Alibaba

Alibaba founder Jack Ma praises rural teachers for their ‘belief in the future’

Alibaba co-founder Jack Ma has met with rural teachers in the run up to the Chinese Lunar New Year for nine years in a row.

19 Jan 2024 - 9:00PM

Ant Group

End of Jack Ma’s reign at Ant Group approved by central bank

The People’s Bank of China announced on Saturday that Alipay.com Co has no controller, paving the way for owner Ant Group’s IPO.

31 Dec 2023 - 6:33PMvideocam

The division of Alipay owner Ant Group’s controlling stake previously held by founder Jack Ma among 10 people has been approved by the central bank, paving the way for the company’s highly anticipated IPO. Photo: Shutterstock

E-commerce

JD.com, Alibaba’s Taobao push ‘refund only’ policy to rival Pinduoduo’s strategy

The two e-commerce giants are taking a leaf out of the playbook of budget online retailer Pinduoduo, which has had that policy in place since 2021.

28 Dec 2023 - 10:30PM

Alibaba

Alibaba promotes millennials to key e-commerce leadership roles

Alibaba has promoted a younger cohort to lead key Taobao and Tmall operations after the conglomerate’s CEO Eddie Wu took direct control of the e-commerce unit.

22 Dec 2023 - 9:00PMvideocam

Alibaba

Taobao to be more tech focused as Alibaba CEO takes over, analysts say

Alibaba’s Taobao and cloud units will directly answer to the conglomerate’s CEO, Eddie Wu, as the tech giant seeks to take on budget-focused PDD amid low consumer spending.

22 Dec 2023 - 7:00AMvideocam

Alibaba

Jack Ma-backed firm 1.8 Meters starts online sales via Alibaba’s Freshippo and Tmall

The online marketing drive by start-up 1.8 Meters marks another step in Alibaba founder Jack Ma’s efforts to branch out into agriculture and sustainable food production.

19 Dec 2023 - 8:32PM

Alibaba Group Holding founder Jack Ma’s post-retirement focus has been on agriculture and sustainable food production. Photo: Shutterstock

E-commerce

JD.com founder warns staff not to ‘lie flat’, as rival PDD shines

‘So many issues have emerged, certainly because I mismanaged,’ Richard Liu wrote, as the growth pace of JD.com and competitor Alibaba falls behind budget retailer PDD.

11 Dec 2023 - 7:50PM

Alibaba

Alibaba pushes new AI tool to help wholesale merchants manage overseas clients

The AI tool is expected to help merchants on Alibaba.com, the e-commerce giant’s international business-to-business wholesale marketplace, automate their client-facing operations to entice more customers overseas.

30 Nov 2023 - 8:00PM

Alibaba

Jack Ma praises rival PDD in rare memo calling on Alibaba staff to change

‘I firmly believe that Alibaba will change and adapt. All great companies are born in winter,’ the founder said.

29 Nov 2023 - 2:44PM

Alibaba

Alibaba’s Jack Ma has a new company selling pre-packaged food

‘Hangzhou Ma’s Kitchen Food’ has been set up in Alibaba’s home city amid a post-pandemic shift in eating habits, adding to Ma’s agriculture-focused endeavours.

26 Nov 2023 - 11:00AMvideocam

Amid a booming ready-meals industry in China, the country’s most recognisable entrepreneur has started a new venture in the space. Photo: Shutterstock

Alibaba

Alibaba reassures on Jack Ma share sales plan and quashes lay-off rumours

Chief people officer Jane Jiang said in an internal letter rumours of 25,000 lay-offs are false and that the matter has been reported to the police.

23 Nov 2023 - 2:19PM

Hong Kong stock market

Exclusive | Jack Ma’s office says he is ‘very positive’ about Alibaba despite sell-off

Alibaba announced overnight that it would not proceed with the full spin-off of its cloud computing unit after posting 9 per cent revenue growth in its September quarter.

17 Nov 2023 - 11:19PM

Alibaba

Alibaba banks on new growth pillars after cloud spin-off stumbles

The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution

17 Nov 2023 - 9:22PMvideocam

Alibaba

Alibaba cancels cloud unit spin-off over US export curbs on AI chips

The company has also put on hold its listing plan for supermarket chain Freshippo, a decision that it announced along with its latest quarterly earnings.

16 Nov 2023 - 10:53PMvideocam

Alibaba

Alibaba CEO commits to AI with aim to become ‘open tech platform’

For the first time, Wu has spoken publicly about his vision for Alibaba after he took the reins from Daniel Zhang Yong in September.

8 Nov 2023 - 5:00PMvideocam

Alibaba

China’s eastern Zhejiang province reassures support for new Alibaba leadership

Senior officials of eastern Zhejiang province called on Alibaba’s top management, led by new chairman Joe Tsai, to boost investment in frontier tech research and promote innovation in digital technology.

3 Nov 2023 - 8:38PM

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Jack Ma

Jack Ma Yun, born in 1964, is a famous Chinese Internet entrepreneur and founder of Alibaba, Taobao and Alipay, three of China's leading e-commerce firms.

Born

10 Sep 1964

Industry

Technology, Business

Job Title

Businessman

last updated:

7 October, 2024