The Chinese billionaire, who once likened AI to love, argued that the technology should be tailored to serve people and make their lives better
Liu Tainran, son of former vice-premier Liu He, is being investigated by Chinese authorities over alleged financial misconduct linked to the Ant Group IPO collapse
Ant Group leverages domestic semiconductors to develop AI models, reducing costs and challenging Nvidia's dominance amid US-China tech tensions
Few China watchers expect the government to revert to its pre-2020 stance, even as it seeks to shore up the economy for a potential trade war with the US under President Donald Trump
China is well aware that innovation is the key driver for productivity growth. Xi has continuously pushed for "new productive forces" amid the US curbs on high-end chips to China
Ma, China's best-known tech entrepreneur, publicly criticized Chinese regulators in a speech in October 2020, derailing a massive listing by Ant Group. That was followed by regulatory crackdowns
Xiao Jianhua was languishing in detention on bribery and corruption charges - a larger-than-life target of a government crackdown on graft
Ma, who's still revered by many of the company's 200,000-plus employees, struck a markedly more upbeat tone than just four months ago
Alibaba is looking to sell off some of its non-core holdings, including several retail operations, he said
Ma and Alibaba Chairman Joe Tsai have both being buying up shares in recent months as the stock plunged, the newspaper reported Tuesday, citing unidentified people familiar with the matter
Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post on Alibaba's internal forum
Ma, whose comments about China's outmoded financial system helped trigger the crackdown, has since largely devoted his time to agricultural pursuits though his foundation
Ma has not sold a single share in Alibaba, as the stock price has not reached the level the billionaire was seeking
The 58-year-old tycoon has a 9.9% stake that's now estimated to be worth $4.1 billion less than almost a year ago
Chinese authorities said on Friday they would wrap up a probe into Ant with the financial technology company paying a fine of almost $1 billion
The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength
The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days
Jack Ma, who landed in Kathmandu on a special flight via Dhaka in Bangladesh, has business connections in Nepal, the report said
The appointment of Eddie Wu Yongming to replace the affable Daniel Zhang surprised insiders, even though the 48-year-old computer scientist has been with Ma from Alibaba's humblest beginnings
Daniel Zhang to focus on Alibaba Cloud Intelligence Group as chairman and CEO; change will take effect September 10