Jack Ma: News

30 Nov 2022


Jack Ma living in Tokyo since Chinese crackdown on companies

Jack Ma, Chinese billionaire and the founder of Alibaba, has reportedly been living in Japan's Tokyo city for approximately six months, according to Financial Times reports on Tuesday.

18 May 2022

Alibaba Group

Paytm Mall's valuation down 99% after Alibaba, Ant Financial's exit

Paytm Mall, One97 Communications' e-commerce arm, saw a significant drop in valuation as its key backers Alibaba and Ant Financial exited the firm.

25 May 2021


NewsBytes Briefing: Clubhouse hits million downloads on Android, and more

Despite Big Tech doing its best to clone Clubhouse into their existing platforms, evidently nothing beats the original. Android users flocked to the newly launched app of the audio-only social media platform and downloaded it a million times.

24 May 2021


Jack Ma to step down as president of Hupan University

A year after stepping down as the chairman of Alibaba, Jack Ma will also be giving up his position as the president of Hupan University. Ma's decision to quit comes six years after he founded the elite business academy.

20 Jan 2021

Alibaba Group

Alibaba's Jack Ma, 'missing' for months, makes first public appearance

After months of being "missing," Alibaba and Ant founder Jack Ma has finally made a public appearance.

04 Jan 2021

Alibaba Group

Alibaba founder suspected to be missing after criticizing Chinese government

Chinese billionaire Jack Ma has not been seen in public for more than two months now, a development that has sparked questions about his whereabouts.

31 Dec 2020

Mukesh Ambani

China's Zhong Shanshan replaces Mukesh Ambani as Asia's richest person

Reliance Industries (RIL) Chairperson and Managing Director Mukesh Ambani is no longer the richest person in Asia. That title now belongs to China's Zhong Shanshan, a vaccine magnate and the founder of the bottled water company Nongfu Spring.

26 Jul 2020


Jack Ma summoned by Indian court over censorship allegations

China's Alibaba and its billionaire founder Jack Ma have both been summoned by an Indian court over allegations of censoring content and spreading fake news.

20 Mar 2020


Actor Lana Condor blasts President Trump for 'Chinese virus' remarks

While the entire world weeps in unison over the countless lives lost due to the novel coronavirus pandemic, one very powerful man continues to ascribe the virus to a single nation.

10 Sep 2019

Alibaba Group

#AnEraEnds: Alibaba co-founder Jack Ma hangs up his boots

After spending two decades at Alibaba's helm, Jack Ma stepped down as Chairman of the e-commerce giant on Tuesday, his 55th birthday.

14 May 2019

Alibaba Group

Jack Ma advises married-employees: "Sex for six days, six times"

Alibaba founder Jack Ma stoked up controversy recently after he advised his married employees to follow "669," that is, "Sex for six days, six times, with duration being the key."

15 Sep 2018


Xiaomi creates new managerial positions to foster leadership

Amid increased scrutiny of governance and succession in mega Chinese tech firms, smartphone maker Xiaomi has announced that it is looking to create new managerial positions to build a second tier of leadership under CEO Lei Jun.

10 Sep 2018

Alibaba Group

Alibaba co-founder Jack Ma to step down in September 2019

Alibaba co-founder Jack Ma, one of the world's richest business executives, has announced that he will step down as the executive chairman of Alibaba in September 2019.

09 Sep 2018

Alibaba Group

Alibaba's Jack Ma isn't retiring, will announce his succession plans

Refuting an NYT report which claimed Jack Ma would be retiring from Executive Chairmanship of Alibaba group on Monday, South China Morning Post, a newspaper owned by the company, reported on Sunday that he would instead unveil his succession plans.

08 Sep 2018

Alibaba Group

End of era: China's richest man Jack Ma announces retirement

Jack Ma, who serves as Executive Director of Alibaba, a company he founded in 1999 has announced his retirement. The business magnate will retire on Monday, September 10, according to reports.

20 Jul 2018


Which will hit the trillion dollar mark: Apple or Amazon?

Following the completion of Amazon's Prime Day sale, wherein the company announced that it had sold over 100 million products, the global e-commerce giant's stock market value climbed to breach the $900bn mark for the very first time.

13 Jul 2018


Mukesh Ambani overtakes Jack Ma to be Asia's richest person

India's richest man, Mukesh Ambani, has now become Asia's richest man, overtaking Alibaba Group founder Jack Ma.

14 Jun 2018

Climate Change

Bill Gates' $1bn-fund makes first investment in energy storage startups

Breakthrough Energy Ventures (BEV), the $1 billion fund launched by millionaires Bill Gates, Jeff Bezos, Richard Branson, Mark Zuckerberg, Jack Ma, Mukesh Ambani, and George Soros in 2016 to create new energy technologies and fight climate change, is finally making its first investment.

13 Feb 2018


What if the world's richest paid for government spending?

Bloomberg Politics has constructed an index to see how many days governments can keep running if the richest person from each country pays for governments' expenditure.

03 Nov 2017

Alibaba Group

China's online-shopping boom continues, Alibaba has an 'outstanding quarter'

Chinese e-commerce giant Alibaba Group posted stronger-than-expected third-quarter results with a massive jump in revenue as the online shopping boom continues in China.

14 Sep 2017

White House

US stops sale of American chip manufacturer to China-backed group

The US has stopped the sale of an American company to a Chinese-backed firm citing security concerns.

09 Jun 2017

Alibaba Group

Jack Ma gains $2.8 billion in one day

The founder and executive chairman of Alibaba Group, Jack Ma became Asia's richest man and the 14th wealthiest man in the world; his net worth surged from $8.5 billion to $41.8 billion this year.

07 Jun 2017


Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

04 Dec 2016

Alibaba Group

Snapdeal denies reports of Alibaba's acquisition interest

After reports sprung on China's Alibaba expressing its interest in acquiring Indian e-commerce portal Snapdeal, the Indian company denied the reports.

11 Nov 2016

Alibaba Group

Alibaba's Singles' Day clocks over $5 billion in one hour

Alibaba Group's 'Singles' Day', a 24-hour shopping event held annually, garnered the online retail giant over $5 billion during the first hour of the shopping spree.