Jack Ma

Once China's wealthiest and most prominent tech leader, Ma's comeback has long been awaited as a signal that the country's previously freewheeling tech sector is returning to favour in Beijing

Despite growing concerns, Interpol has taken little public action to discipline China for its misuse of red notices, the ICIJ reported. The case of H is a stark reminder of how international

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

Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional USD 25 billion authorisation to its share buyback programme, after reporting lower-than-expected sales revenue for the last quarter of 2023. The company's Hong Kong-traded shares plunged 6.8 per cent on Thursday. Alibaba's New York-listed stock price sank 5.9 per cent on Wednesday and has fallen nearly 26 per cent over the past year. Alibaba posted a 5 per cent increase in sales to 260.3 billion yuan (USD 36.67 billion) in the quarter that ended in December, slightly missing analysts' estimates. Net income sank to 14.4 billion yuan (USD 2 billion), down 77 per cent compared to a year earlier. The Hangzhou, China-based firm attributed the drastic decrease to declining values of its equity investments and falling revenues. Alibaba has struggled to sustain its growth and faces increasing competition in the e-commerce sector from rivals such as Pinduoduo and ByteDance, which operates TikTok and Douyin. On

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

Chinese billionaire Jack Ma, who landed in Nepal on Tuesday on a private visit, is likely to meet Prime Minister Pushpa Kamal Dahal Prachanda', according to media reports. Jack Ma arrived at the Tribhuvan International Airport on Tuesday, according to sources at the Immigration Department. Jack Ma, who landed in Kathmandu on a special flight via Dhaka in Bangladesh, has business connections in Nepal, the sources said. Founded by Jack Ma, Alibaba has acquired the e-commerce company Daraz, which currently operates in South Asian countries, including Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal.