Tag Archives: Jack Ma

Alibaba nets record $30 billion in Singles’ Day haul, but growth rate...

11 November, 2018 9:31 am 9:31 am

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan (£23.8 billion) in sales during its last 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest rate. Shoppers Read More

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Alibaba Singles’ Day sales hit $10 billion in first hour

11 November, 2018 9:32 am 9:32 am

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan ($9.92 billion) in the first hour of its annual Singles’ Day on Sunday, up roughly 21 percent from last year’s early haul of 57 billion Read More

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Alibaba’s Jack Ma to open institute for tech entrepreneurs in Indones...

10 October, 2018 10:57 am 10:57 am

NUSA DUA, Indonesia (Reuters) – Jack Ma, executive chairman of China’s Alibaba Group Holding, said he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Read More

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China Airbnb rival Xiaozhu.com raises nearly $300mln from Jack Ma fund

10 October, 2018 8:30 am 8:30 am

BEIJING (Reuters) – Chinese short-term rental firm Xiaozhu.com said on Wednesday it has raised nearly $300 million in a funding round led by Jack Ma’s Yunfeng Capital, amid fierce competition from U.S. giant Airbnb Inc and local rival Tujia.com. The Read More

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Alibaba’s Jack Ma says US-China trade war ends 1 million US jobs prom...

09 September, 2018 9:29 am 9:29 am

(Reuters) – Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to US-China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma has already warned that Read More

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Alibaba’s Jack Ma says US-China trade friction could last 20 years

09 September, 2018 3:20 pm 3:20 pm

SHANGHAI (Reuters) – Alibaba  chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be “a mess” for all parties involved, citing weak trade rules. Ma was speaking Read More

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Alibaba’s Jack Ma to step down in one year, Zhang to become chairman

09 September, 2018 8:52 am 8:52 am

BEIJING (Reuters) – Jack Ma, the charismatic co-founder of China’s largest e-commerce firm Alibaba Group Holding Ltd , will step down as chairman in exactly one year on Sept. 10, 2019, the company said. Current Alibaba Chief Executive Daniel Zhang Read More

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Alibaba’s Jack Ma to unveil succession plan next week, remain chairma...

09 September, 2018 9:34 am 9:34 am

BEIJING (Reuters) – Alibaba Group Holding Ltd’s  billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time Read More

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Alibaba co-founder Jack Ma to retire on Monday

09 September, 2018 9:16 am 9:16 am

BEIJING (Reuters) – Alibaba Group Holding Ltd’s co-founder and executive chairman, Jack Ma, will retire from the e-commerce company on Monday, as the former English teacher seeks to focus on philanthropy in education, the New York Times reported. Ma, one Read More

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Indonesia to work with Alibaba’s Jack Ma to increase exports: ministe...

09 September, 2018 8:53 am 8:53 am

JAKARTA (Reuters) – Indonesia will partner with Alibaba’s CEO Jack Ma to look into ways to use Alibaba’s ecosystem to increase its exports, particularly to China, its communications minister told Reuters . “We are also discussing how to work together Read More

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