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Jack Ma

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Zhang Yiming, the founder and CEO of ByteDance. Photo: AFP

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

The collective wealth of China’s wealthiest people slumped 10 per cent from a year earlier to US$2.97 trillion.

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

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

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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

Fintech giant Ant Group is spinning off the subsidiary responsible for the database behind Alipay. Photo: Bloomberg

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.

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.

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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.

Alibaba recalibrates after a year of changes. Illustration: Henry Wong

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.

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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.

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.

SoftBank Group Corp’s Masayoshi Son, who invested US$20 million in Alibaba Group Holding in 2000, speaks at a conference in Tokyo, Japan, on July 20, 2017. Photo: Reuters

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.

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Joe Tsai (first left) and Jack Ma (second left) during the initial public offering of Alibaba Group Holding on the New York Stock Exchange on September 19, 2014. Photo: Reuters.

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.

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.

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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.

The “refund only” policy that Alibaba Group Holding’s Taobao and JD.com adopted this week has played an essential role in improving the shopping experience on rival platform Pinduoduo, which has had that rule in place since 2021. Photos: Shutterstock

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.

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Signage at Alibaba’s office in Beijing on August 10, 2021. Photo: AP

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.

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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.

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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.

Richard Liu Qiangdong, founder and chairman of JD.com. Photo: AFP

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.

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.

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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.

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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 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.

Alibaba has denied rumours that it plans to lay off off 25,000 employees. Photo: AP

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.

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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

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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.

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An Alibaba sign is seen outside the company’s office in Beijing. Photo: AFP

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.

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The 2023 World Internet Conference Wuzhen Summit opened on Wednesday. Photo: Xinhua

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.

Alibaba, JD.com roll out low-price strategies for Singles’ Day amid tight economy

China’s e-commerce giants are gearing up for the world’s largest online shopping season that kicks off next week, counting on bargain prices to woo penny-pinching consumers.

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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
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