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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.
As many of the country’s tech founders hand over the reins, it’s worth remembering that once start-ups grow to a certain size they need professional managers to take over.
Fiery exchanges and a blame game over Covid-19 have some fretting about a full-on Cold War – or, worse, a hot one in the South China Sea.
The Netpreneur Prize will hopefully increase awareness among Chinese entrepreneurs of the need for philanthropic investment in developing countries, especially in Africa
By handing over reins of e-commerce giant at 55, Jack Ma has shown that an orderly approach and refreshed vision of future not only benefits company but also nation’s progress
Yonden Lhatoo explains some basics on China and journalism to alarmists on the impact of the Alibaba founder’s party affiliation on editorial independence at the Post.
- Alibaba has made dramatic changes to its corporate restructuring plan as founders Jack Ma and Joe Tsai return to the driver’s seat
- The e-commerce giant is betting on improved shopping experiences, artificial intelligence and a strengthened overseas push to regain momentum
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.
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.
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.
The combined stakes of the two co-founders eclipsed SoftBank Group, which has reduced its shares in Alibaba through a series of forward contracts.
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.
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.
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.
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.
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.
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.
‘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.
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.
‘I firmly believe that Alibaba will change and adapt. All great companies are born in winter,’ the founder said.
‘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.
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 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.
The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution
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.
For the first time, Wu has spoken publicly about his vision for Alibaba after he took the reins from Daniel Zhang Yong in September.
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.
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.
The affiliate of Alibaba Group Holding pays 1.54 billion yuan (US$210.5 million) for a parcel for new office buildings in Hangzhou, a ‘clear sign’ that Ant is ‘back on its growth track’, a property investor says.
E-commerce giant Alibaba has signed a deal with the Cambodian government to support the country’s digital economy and small business sector, showcasing the firm’s commitment to the Southeast Asia market.
As China’s retail growth sputters, the country’s e-commerce operators are racing to beat rivals with better bargains in the annual online shopping extravaganza.
Alibaba has closed its Luohan Academy, a social science institute that founder Jack Ma had hoped could exist for 300 years when it was created five years ago, according to sources familiar with the matter.
About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.
Zhang’s exit comes the same day he was scheduled to hand over the company to chairman Joe Tsai and CEO Eddie Wu Yongming. Alibaba Group’s shares slipped 3 per cent in Hong Kong on the news.
The fintech affiliate of Alibaba is expanding support to several Asian e-wallets through its Alipay+ service to smooth travel to its home city.
Jack Ma, founder of e-commerce giant Alibaba, delivered a video speech to rural teachers on Sunday, as the Chinese billionaire continues to focus on the agricultural and education sectors.
