Tag Archives: Jack Ma

Jack Ma ali baba chairman Alibaba’s chairman Chinese executive

Jack Ma resigns from his post as Alibaba’s chairman

09 September, 2019 10:19 am 10:19 am

SHANGHAI (AFP) – Jack Ma resigned from his post as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful image shattered the stereotype of the drab … Read More

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 in China and across the world snapped up hot items including iPhones, furniture and milk … Read More

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 yuan. Singles’ Day is the world’s biggest online sales event and last year netted Alibaba … Read More

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. Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said … Read More

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 company did not disclose its new valuation but said in November 2017 that it was … Read More

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 the trade war between the world’s two largest economies could last decades and that China … Read More

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 at an Alibaba investor conference hours after Washington said it would impose duties on an … Read More

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 will replace him as chairman, while Ma will complete his current term on Alibaba’s board … Read More

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 being. Ma will announce the plan on his 54th birthday and the handover strategy will … Read More

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 of China’s best known corporate leaders, will remain on the company’s board of directors and … Read More

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 to develop tech talents to meet the needs of Indonesia and the region,” Indonesian minister … Read More