Alibaba cofounder Jack Ma. Wang HE/Getty Images Billionaire Jack Ma is back to square one. The $3.4 billion gain to his wealth since the start of the year has all but evaporated, after Alibaba’s stock...
Tag: Jack Ma
Elusive Chinese Billionaire Jack Ma Spotted In Australia, Report Says
Topline Alibaba co-founder Jack Ma was recently seen in Australia, Bloomberg reported, in what appears to be a continuation of a quiet world tour for the elusive Chinese billionaire who has largely ke...
Prominent Chinese Investment Banker Bao Fan Goes Missing, Bank Says
Topline Bao Fan, chairman and CEO of Beijing-based China Renaissance Holdings, is missing, according to a Thursday filing, as the company says it has no additional information about Fan’s whereabouts,...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
Billionaire Jack Ma Reportedly Visits Hong Kong As Regulatory Pressure Eases In Mainland China
Alibaba Group cofounder Jack Ma. AP Photo/Firdia Lisnawati Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is now in Hong Kong to meet friends and finance executives, the Hong Kong Economi...
The Story Behind BABA’s Recent Stock Surge
| Getty Images Key Takeaways Alibaba’s stock price recently shot up based on positive news coming out of China. This rally comes after the stock fell about 49% in 2021 and 25% in 2022. Chinese compani...
Jack Ma’s Ant Group Gets Regulatory Nod For $1.5 Billion Capital Increase Plan
Jack Ma, co-founder of e-commerce giant Alibaba and fintech giant Ant Group. (Photo by Chesnot/Getty Images) Getty Images Chinese billionaire Jack Ma’s Ant Group won regulatory approval to boost the r...
Elusive Chinese Billionaire Jack Ma Living In Tokyo, Report Says
Topline Jack Ma, the billionaire cofounder of e-commerce giant Alibaba Group and one of China’s wealthiest people, is now living in Japan, the Financial Times reported Tuesday, a rare update on the bi...
Chinese Tech Giants Struggling [Infographic]
Stock market losses of U.S. tech companies have made headlines recently as the likes of Meta, AmazonAMZN or Alphabet wiped out billions in just a few days at the end of October. But the tech rout is n...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
Taxes, Inequality And Unemployment Will Weigh On China After Party Congress
Russian President Vladimir Putin, left, speaks to China President Xi Jinping during the Shanghai … [+] Cooperation Organization summit last Friday. (Sergei Bobylev, Sputnik, Kremlin Pool Photo v...
China’s Internet Giants Face New Era Of Tough Oversight And Low Growth
Tencent cofounder Pony Ma (Photo by Xaume Olleros/Bloomberg) © 2016 Bloomberg Finance LP Alibaba and Tencent, the twin pillars of China’s once-booming internet sector, have long had reputations for ey...
SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images Billionaire Masayoshi Son’s SoftBank Gro...
Chinese Billionaire Jack Ma To Cede Control Of Fintech Giant Ant Group: WSJ
Jack Ma takes part in the “Valuing What Matters” Plenary Session during the third day of the Clinton Global Initiative’s 10th Annual Meeting at the Sheraton New York Hotel & Towe...
Jack Ma Reportedly Set To Relinquish Control Of Ant Group After China’s Tech Crackdown
Topline Tech billionaire Jack Ma will reportedly give up control of Chinese fintech major Ant Group as part of an effort to ease regulatory concerns around the company, the Wall Street Journal reporte...
China’s Securities Regulator Denies Conducting Review Of Ant Group’s IPO
The Ant Group and Alibaba Group logos are displayed behind a reception desk at the company’s headquarters in Hangzhou, China. Qilai Shen/Bloomberg China’s securities regulator said that it isn’t...
Billionaire Jack Ma’s Ant Group Launches Digital Bank In Singapore
A visitor takes a photo of Ant Group’s display at the 2021 China International Fair for Trade in … [+] Services in Beijing on September 5, 2021. An Xin/Costfoto/Future Publishing via Getty...
Communist Party, Military Themes Help Struggling Alibaba Entertainment Unit Turn A Profit
Alibaba Group’s billionaire main founder Jack Ma at a “Tech for Good” summit in 2019. He’s kept a … [+] low profile of late. (Photo by Chesnot/Getty Images) Getty Images ...
Alibaba Shares Briefly Plunge On Arrest Report Of Person Named ‘Ma’ In Hangzhou
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China. Qilai Shen/Bloomberg Alibaba shares plunged as much as 9.4% in Tuesday morning trading in Hong Kong following a rep...
Alibaba’s shares fall after unconfirmed rumors link Jack Ma to a probe
Alibaba headquarters in Hangzhou, China. Bloomberg | Bloomberg | Getty Images Alibaba’s Hong Kong-listed shares were about 1% lower Tuesday — after earlier falling more than 9% —following unconf...
The 10 Richest Chinese Billionaires 2022
Fortunes of the Middle Kingdom’s wealthiest tycoons mostly fell over the past year as stocks declined and the Chinese government tightened its grip on tech companies. After a record-setting 2021, Chin...
Is The Worst Over For China’s Internet Giants?
Signage displayed at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Monday, Feb. … [+] 21, 2022. (Photo by Qilai Shen/Bloomberg) © 2022 Bloomberg Finance LP China’s largest i...