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 […]
End of an era for Alibaba as China’s corporate icon Jack Ma retires at 55
By K J M Varma BEIJING: Jack Ma, China’s iconic billionaire and founder of Alibaba, retired on Tuesday as the executive chairman of the e-commerce giant on his 55th birthday, marking the end of an era for his firm in the Communist country. Born to a poor family, Ma, who is the most revered businessmen […]
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 […]
Jack Ma will remain Alibaba’s executive chairman for now
By Cate Cadell & Ryan Woo Alibaba Group Holding Ltd’s billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being. Ma will announce the plan on his 54th birthday and the […]
Alibaba co-founder Jack Ma announces plans to retire at 54
BEIJING: Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus, becoming one […]