Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Jack Ma

Here's How 2022 Chinese Election Could Act As Tailwind For Alibaba And Others

Chinese President Xi Jinping reached out to the domestic private sector amid the growing economic challenges, the CityToday reports. Jinping highlighted the importance of private capital to economic development while emphasizing their adherence to the regulatory norms at a recent Politburo meet. The private sector generated over 50% of China's tax…

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma's Alibaba Fintech To Grab Majority Ownership Of This Payments Platform

Jack Ma founded Alibaba Group Holding Ltd (NYSE:BABA) fintech affiliate, Ant Group, is set to become the majority investor in Singapore-based payments platform 2C2P as part of a partnership, Reuters reports. The deal will integrate Ant's Alipay+ payment service with 2C2P's platform used by merchants in Asia, Europe, the Middle East, and the Americas.…

China Cracks Down Upon Tencent, Other Tech Giants Over Algo Abuse; Questions Alibaba, Others To Address Job Cuts

China Cracks Down Upon Tencent, Other Tech Giants Over Algo Abuse; Questions Alibaba, Others To Address Job Cuts

China looks to rein in the potential abuse of algorithms by internet giants from ByteDance Ltd to Tencent Holdings Ltd (OTC: TCEHY), Bloomberg reports. The Cyberspace Administration of China looks to inspect how social media platforms serve up ads and content to hook users, especially the large-scale websites, platforms, and products with significant influence.…

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

inkl

Tencent Caught In Regulatory Turmoil Like Jack Ma's Ant Group

China looks to require Tencent Holdings Ltd (OTC:TCEHY) to include WeChat Pay in a newly created financial holding company, Bloomberg reports. The overhaul may mandate a new license for the universal mobile payments service subjecting it to intense regulatory scrutiny jeopardizing the one-stop-shop appeal reviving investor angst. Tencent needs to fold its banking, securities, insurance,…

SoftBank Founder Boosts Collateral To 33% Of Stock As Stock Prices Sink

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

Alibaba Affiliate Ant Financial Divests Entire Stake In 36KR Holdings

Jack Ma's Ant Group Co divested its entire stake in the tech news firm 36KR Holdings Inc (NASDAQ:KRKR), Bloomberg reports. The Alibaba Group Holding Ltd (NYSE:BABA) affiliate looked to comply with Chinese regulators by the move. Ant held an 18% stake in 36KR as of early 2021. Also Read: DiDi Had To Postpone Its IPO After Jack…

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

inkl

Read news from The Economist, FT, and more,
with one subscription

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Here's Why Jack Ma Led Alibaba Affiliate's IPO Got Postponed Indefinitely

Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) affiliated fintech Ant Group's Hong Kong listing got postponed indefinitely as the bankers remained concerned over China's continued crackdown on the domestic tech sector, the Infomation reports. The weakness of publicly traded Chinese tech stocks, including Alibaba, has made it difficult for Ant and its stakeholders.…

Alibaba Commences Mass Production Of EVs

Alibaba Commences Mass Production Of EVs

Jack Ma's Alibaba Group Holding Ltd (NYSE: BABA) has begun mass production of smart electric vehicles,

Here's Why Alibaba Dumped Its Fundraising Plans

Here's Why Alibaba Dumped Its Fundraising Plans

Alibaba Group Holding Ltd (NYSE:BABA) discussed raising at least $1 billion for Lazada before calling off negotiations when talks bogged down over the Southeast Asian online mall's valuation, Bloomberg reports. Alibaba had aimed to secure financing for Lazada ahead of its spinoff and a potential initial public offering. Alibaba ditched the fundraising…

Why Alibaba Shares Are Trading Lower Today

Why Alibaba Shares Are Trading Lower Today

Alibaba Group Holding Ltd (NYSE: BABA) is trading lower Tuesday following reports suggesting China asked state firms to check their investments in Jack Ma's Ant Group.

Indonesia’s Akulaku lands $100 million from SCB

Indonesia’s Akulaku lands $100 million from SCB

Akulaku, an Indonesian online lender backed by Jack Ma’s Ant Group, has pulled in US$100 million from one of Thailand’s biggest lenders to expand its business in Southeast Asia.

Alibaba Affiliate Is Linked To Corruption Scandal: Report

Alibaba Affiliate Is Linked To Corruption Scandal: Report

China's state broadcaster has implicated Jack Ma's Ant Group in a corruption scandal,

People

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

inkl

Organisations

Alibaba Group Holding Ltd

Uber Technologies Inc

Alibaba Group Holding Limited

inkl

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

345,702 stories

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play