October 15th, 2018The founder and executive chairman of China’s largest e-commerce company Jack Ma is reportedly planning to open an institute to train thousands of tech entrepreneurs in Indonesia.
However, he did not mention when Jack Ma Institute of Entrepreneurs would launch. The aim behind this move is to train 1,000 tech leaders a year over...
September 10th, 2018With all the speculations regarding Alibaba’s Jack Ma’s expected retirement, the company announced today that its CEO, Daniel Zhang, will succeed Ma as chairman next year, exactly one year after on Sept 10, 2019.
After resigning from the role of chairman next year, Ma will continue serving as a board member until its annual...
September 8th, 2018Jack Ma, the founder of the largest Chinese e-commerce platform Alibaba Group is reportedly stepping down from the position of executive chairman of the company from Monday, marking the end of an era.
However, one of the richest men in China, Jack Ma has stated that he will remain on Alibaba's board of directors. The primary motive of...
July 14th, 2018Mukesh Ambani, the chairman of Reliance Industries has achieved the position of Asia’s richest man, bringing down Alibaba’s Jack Ma to the second position.
According to the reports, Ambani's estimated total wealth amounted to around $44.3 billion after Reliance shares rose 1.6%. The business tycoon added $4 billion to his wealth...
July 10th, 2018Jack Ma, the founder of Alibaba Group has entered into an association with a $250 million Chinese venture capital fund known as Ganesh Ventures. The idea behind this partnership is to create a strong and sturdy network among the Indian entrepreneurs and Chinese investors and entrepreneurs.
Ganesh Ventures will stand as Jack Ma’s...
April 11th, 2018Chinese billionaire Jack Ma's financial firm is all set to make it to the world's biggest companies. Alibaba Group Holding Ltd's derivate company, Ants Financial Group is preparing to raise $9 billion which is much above its expected IPO in a private funding round as per the sources.
Being no stranger to funding, the company picked...
April 5th, 2018Meituan Dianping, a Chinese mobile internet company also operating a trading platform and local life information recently acquired Mobike for $2.7 billion. Tencent Holdings support both companies and the deal is likely to increase the competition between the holding company and the Alibaba Group as both companies go toe-to-toe in a...
November 13th, 2017hinese e-commerce giant Alibaba's CEO Daniel Zhang said that their company sees India as a "very important" market, on occasion of the 11/11 Global Shopping Festival.
“Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to look...
August 21st, 2017Jack Ma, the founder and executive chairman of China's ecommerce giant Alibaba, got $1.3 billion richer in the day following his company's latest quarterly earnings announcement, released on Thursday afternoon, last week.
Alibaba has been hitting some serious numbers that includes 58% jump in the revenue alone over the prior...
January 27th, 2017E-commerce giant Alibaba's founder Jack Ma has warned of a "big trade war" between China and the US under the new Trump Presidency if conflicts were not dealt properly.
He said China's economic outlook will be "tougher than expected" due to continued slowdown of Chinese economy and warned. "In the coming three to five years... the...
December 23rd, 2016China's e-commerce giant Alibaba has rejected US allegations that it sells counterfeit goods, saying the Washington's move to put it back on a blacklist of its "notorious markets" could be influenced by the "current political climate" in America.
Questioning the US move, Alibaba Group President Michael Evans said he was "disappointed"...
