Jack Ma, the founder of Alibaba Group Holding, gave a rare public speech at the 20th anniversary of the company’s fintech affiliate Ant Group, saying he had faith in the “next 20 years of Ant” and expects “more miracles”, according to Chinese media reports and people who were there. Ma’s attendance at the evening event … Read more
Jack Ma, founder of Alibaba Group Holding, on Friday visited the company’s campus in Hangzhou, capital of eastern Zhejiang province, in a show of support for the e-commerce empire he created a quarter of a century ago, according to employees. Ma’s visit was his first known trip back to to his hometown since March 2023, … Read more
Jiang, 39, who has been serving as chief executive of Alibaba International Digital Commerce Group (AIDC), was appointed by the Hangzhou-based tech conglomerate on Thursday to lead the newly formed Alibaba E-commerce Business Group. The new unit will integrate Taobao and Tmall Group (TTG), AIDC, 1688 Marketplace, Idle Fish and the other e-commerce operations of … Read more
After over a decade of snapping up Bordeaux wine estates, buying into a dream of elegant living in France and good earnings in their home market, many Chinese investors are now selling up. Capital controls back home, softening Asian demand for wine and underestimates of the costs of running French estates have combined to push … Read more
A 28-year-old British expat from Manchester, Jack Forsdike, recently opened up about his two-year stint in China’s 996 tech culture. He admitted to feeling “relieved” after being laid off. Interestingly, Chinese business magnate Jack Ma recently endorsed this controversial work culture. Initially, Forsdike was actually excited about the prospect of working under China’s infamous 996 … Read more
“Alibaba may gradually become more attractive to some long-only funds because it is, after all, the largest e-commerce stock in China,” said Shawn Yang, senior analyst at Arete Research. “The expectations of macro improvement may be passed on to these consumer stocks. Alibaba is the largest among them, and its situation is improving.” Alibaba, owner … Read more
The team from the Geological Agency of the Ministry of Energy and Mineral Resources (ESDM) took samples of natural hydrogen gas found in One Pute Jaya Village, Morowali Regency, Central Sulawesi Province, Indonesia, 23 October 2023. Nurphoto | Nurphoto | Getty Images Koloma, a U.S.-based clean fuel startup backed by Bill Gates and Jeff Bezos, says it … Read more
Alibaba Group Holding founder Jack Ma on Tuesday called on employees of the business empire he created in Hangzhou 25 years ago to “believe in the future” and “believe in the market”, as the e-commerce giant faces fierce competition on multiple fronts. According to his letter published on Alibaba’s internal website on Tuesday, marking the … Read more
Colin Huang Zheng, the 44-year-old founder of PDD Holdings, and Zhang Yiming, the 41-year-old founder of ByteDance, are the richest tech entrepreneurs in China, according to a list published by Chinese magazine New Fortune on Wednesday. Huang, whose wealth is largely derived from the popularity of budget e-commerce platforms Pinduoduo and Temu, has a personal … Read more
Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Taobao and Tmall Group did not immediately respond to a request for comment on Thursday. Alibaba Group Holding chief executive Eddie Wu Yongming last December took … Read more
