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The Latest Breaking News from Jack Ma

Is life getting better for China’s tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing him 27th globally.

The Conversation

Alibaba president can’t catch up to AI

Kuo Zhang is far more concerned about the rapid development of AI than geopolitics.

Fortune

Billionaire Jack Ma-owned London fintech WorldFirst faces tribunal over harassment claim

An employee of billionaire Jack Ma-owned WorldFirst is taking it to an industrial tribunal over claims of harassment and discrimination after the London fintech was contacted by the information regulator over issues with data practices, the Standard can reveal.

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Exploring The Visionaries Of Internet Success

Explore the profiles of tech visionaries who revolutionized the internet and digital technology.

Top News

Weekly Must-Read: Alibaba Renews Strategy Reset to Revive Growth Momentum

Jack Ma tells employees ‘we must reform for the future’

Caixin Global

Jack Ma Breaks Silence, Endorses Alibaba's Restructuring Efforts

Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.

International Business Times

Exploring The Top 10 Tech Entrepreneurs Of The Decade

Explore the impact of top tech entrepreneurs like Elon Musk, Jeff Bezos, and Mark Zuckerberg on the industry over the past decade.

Top News

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Jack Ma's Journey: From Humble Beginnings To Billionaire Success

Explore the inspiring journey of Jack Ma, from humble beginnings to building a business empire, emphasizing resilience, innovation, and philanthropy.

Top News

Exploring The Top 10 Tech Ceos Of The Decade

Explore the top 10 most influential tech CEOs of the decade and their contributions to the industry.

Top News

Asian Markets Mostly Up, Hong Kong Boosted By Alibaba Rally

Most Asian markets rose Wednesday, with Hong Kong leading the pack for a second day following reports Alibaba's co-founders had bought huge stakes in the firm, a day after it emerged China was planning a blockbuster boost for the country's stuttering equities.

International Business Times

Growth of autocracies will expand Chinese global influence via Belt and Road Initiative as it enters second decade

China currently faces daunting challenges in its domestic economy. But weakness in the real estate market and consumer spending at home is unlikely to stem its rising influence abroad.

The Conversation

JD.com's billionaire founder tells employees not to 'lie flat' as Temu-owner PDD catches up to him and Alibaba founder Jack Ma

"We need to change, or there’s no way out for our company," JDD founder Richard Liu wrote in a post on the company's internal forum.

Fortune

China’s former entrepreneurial golden child, Jack Ma, appears to be back with a food venture

Alibaba founder Jack Ma largely disappeared from public life following a crackdown by the Chinese government—now it seems he's back.

Fortune

A series of bad news stories—including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap

Alibaba blamed U.S. chip controls for its decision to abandon plans to spin-off its cloud computing unit as an independent company.

Fortune

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The Guardian - UK

China’s billionaires looking to move their cash, and themselves, out

Crackdowns on financiers, roiling political climate and slowing economy under Xi Jinping has many seeking exit plans

Fortune

Pinduoduo founder Colin Huang surges past Alibaba's Jack Ma to become China's third-richest person

Huang rose seven places on Hurun's annual list of China's wealthiest people, thanks to surging business at both Pinduoduo and Temu.

Evening Standard

Jack Ma-owned London fintech WorldFirst shifts Asia business away from UK oversight in major shake-up

The firm said it took the decision based on ‘the strategic alignment of the legal entities’

The Independent UK

Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle

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Evening Standard

Founder of Jack Ma-backed fintech WorldFirst hits back over risk management questions after board exodus

Founder Jonathan Quin is understood to have questioned changes to risk and oversight functions at meetings of the firm’s risk committee.

The Guardian - UK

The growing list of Chinese elites who disappear but later resurface subdued

Foreign minister Qin Gang’s mysterious absence and replacement follows a pattern of falls from grace for rising stars

Fortune

Jack Ma, once Asia’s richest person, has seen more than half of his $61 billion fortune wiped out in the past 3 years

Beijing cracked down on the companies Ma founded after he publicly criticized Chinese regulators.

Zenger

Ant Group Plans $78.5 Billion Buyback Amid Regulatory Obstacles

Billionaire-backed firm aims to retain talent and offer exit to affected investors.

Bangkok Post

Chinese tech firms handed massive fines

BEIJING: Chinese regulators said on Friday they had fined the fintech giant Ant Group almost $1 billion for “illegal acts” and handed an affiliate of rival Tencent a $415-million penalty, adding that a long-running crackdown on technology companies was drawing to a close.

Evening Standard

Board exodus at London fintech WorldFirst

London fintech WorldFirst has seen a mass board exodus as billionaire Jack Ma tightens his grip on the management of the payments company, the Standard has learnt.

Fortune

Bill Gates’ venture firm, with backing from Jeff Bezos and Jack Ma, just minted a $1 billion A.I. unicorn that uses machine learning for mining the rare earth metals crucial for EVs

Mary Meeker and Andreessen Horowitz were also involved in the $250 million funding round.

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