Page 4 - Jack Ma

SoftBank's first female director to leave after challenging Masayoshi Son

Yuko Kawamoto, a professor at Waseda University, will step down on June 23 after just one year in the role, SoftBank said in a statement on Friday

Alibaba reports first operating loss as a public company due to record fine

Alibaba forecast annual revenue to be 930 billion yuan ($144.12 billion) for the fiscal year ended March 2022, above analysts' average estimate of 928.25 billion yuan.

ByteDance hires thousands to challenge e-commerce king Alibaba

A burgeoning e-commerce business could help the firm surpass its $250 billion valuation when it goes public, countering concerns around Beijing's crackdown on the country's internet behemoths

Explained: What's next for Jack Ma's Ant group after China orders revamp

Ant, valued at around $315 billion at its IPO pricing, is exploring options for founder Jack Ma to divest his stake.

Ant Group denies report it's exploring ways for Jack Ma to sell stake

The company hoped that Ma's stake would be sold to existing shareholders in Ant or its e-commerce partner Alibaba Group Holding Ltd., Reuters said

Ant explores ways for Jack Ma to exit as China piles pressure: Report

Ant Group is exploring options for founder Jack Ma to divest his stake and give up control, say sources

Jack Ma's fortune jumps $2 billion after record antitrust fine on Alibaba

The $2.8 billion fine is less severe than some investors feared and is based on only 4% of the company's 2019 domestic sales, far less than the maximum 10% allowed under Chinese law

Ant Group to be financial holding firm in overhaul forced by China

Jack Ma's firm to fold all financial operations into holdco

Fine, thank you, says Alibaba Group after China's $2.8-billion penalty

It's a sign of how odd China's crackdown on the power of big tech has been compared with the rest of the world

China imposes $2.8 bn penalty on Jack Ma's Alibaba Group in monopoly probe

The penalty is equivalent to 4% of Alibaba's domestic sales in 2019, China's State Administration for Market Regulation said in a statement on Saturday

Tencent Holdings profit beats expectations even with tech crackdown

Regulators are said to be considering forcing the firm to overhaul its promising fintech division in a similar fashion to Jack Ma's Ant Group Co

Jack Ma's SCMP joins Hong Kong media groups facing China control

Beijing has moved to stifle Hong Kong's democracy motion over the previous 12 months

Global investors value China's Ant Group at over $200 billion: Report

The number is far short of the $315 billion Ant touted for what was set to be the world's largest IPO

China orders Jack Ma to dispose of its media assets with Alibaba group

Taking its war against billionaire Jack Ma's empire to a new level, the Chinese government has reportedly asked his conglomerate Alibaba to dispose of its media assets

Ant employees expected a windfall, but are stuck with unsellable shares

The move underscores two intertwined challenges facing Ant, four months after Chinese authorities torpedoed its $35 billion initial public offering

Jack Ma loses title as China's richest man after Beijing's scrutiny

Ma's recent woes were triggered by an Oct. 23 speech in which he blasted China's regulatory system

Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%

Business Standard brings you top news of the evening

Alibaba's Jack Ma spotted playing golf, easing China detention fears

It's the first known Ma sighting since the former English teacher joined a live-streamed video chat with rural educators on January 20

Alibaba's $38-billion bond sale shows confidence among Jack Ma fans

The four-tranche offer received more than $38 billion in orders at the peak, according to people with knowledge of the matter

Ant Group plans to hive off credit data in revamp; sees IPO in 2 years

Ant's restructuring plan, which Reuters reported on Wednesday, could ease billionaire founder Jack Ma's regulatory woes