Tag: Jack Ma

Where is Jack Ma, China’s e-commerce pioneer?

By JOE McDONALD BEIJING: China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China had few internet users. Online payments service Alipay launched five years later, before regulators said such businesses would be allowed. Both long shots grew to dominate […]

Jack Ma missing after conflict with Chinese government

NEW DELHI: Tech billionaire and Alibaba founder Jack Ma has “disappeared” from public life and has not been spotted for at least two months amid the conflict with the Chinese regulators. The Financial Times reported that Ma was recently replaced as a judge in the final of TV show ‘Africa’s Business Heroes’. “His photograph was […]

Jack Ma’s $290 billion loan machine is changing Chinese banking

NEW DELHI: Jack Ma’s online bank is leading a quiet revolution in the way China lends to small businesses, taking aim at a credit bottleneck that has held back Asia’s largest economy for decades. Using real-time payments data and a risk-management system that analyzes more than 3,000 variables, Ma’s four-year-old MYbank has lent 2 trillion […]

With USD 39 billion wealth, Alibaba founder Jack Ma reclaims top spot among Chinese billionaires

By K J M Varma BEIJING: Jack Ma, the founder of the e-commerce giant Alibaba, has regained the title of China’s richest man with he and his family having a total wealth of about USD 39 billion, according to the latest version of the Hurun China Rich List 2018. Ma, 54, who last month made […]

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