Ant’s huge IPO sets up Jack Ma to escalate war with Tencent
Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million active users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term ...
Ant Group cites U.S. risks in filing for dual Hong Kong-Shanghai IPO
The Chinese e-commerce and fintech giant cited possible U.S. export controls and trade sanctions as key expansion risks.
Jack Ma’s rival saw his wealth surge by $25 billion. Then he quit
Colin Huang, who has overseen the firm as its American depositary receipts have more than quadrupled in less than two years, has stepped down as chief executive officer.
SoftBank’s first Vision Fund may be its last after ¥1.9 trillion loss
Masayoshi Son conceded he is unlikely to be able to draw outside investors for another Vision Fund.
SoftBank Group posts record net loss of ¥961 billion for fiscal 2019
The figure is a sharp drop from the net profit of ¥1.41 trillion the conglomerate logged in fiscal 2018.
Jack Ma and ride-hailing firm Grab see opportunities in Singapore's digital banking battle
Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southeast Asia, with Chinese billionaire Jack Ma and ride-hailer Grab among those seeking licenses. Traditional banks are being challenged by a new generation of online-only ...
U.S.-China trade tensions could last 20 years, says Alibaba's Jack Ma
Jack Ma, the co-founder and former chairman of Alibaba Group Holding Ltd., has warned that the U.S.-China relationship could face 20 years of "turbulence" if the two superpowers aren't careful in how they handle trade. "We have to be very, very careful," Ma said Thursday ...
Alibaba's Singles' Day sales hit $23 billion in first nine hours
Chinese retailer Alibaba Group Holding Ltd. said Monday that sales logged from its annual Singles' Day shopping blitz crossed the $30 billion mark late Monday afternoon, putting the event on track to set a record in its 11th year. Akin to Black Friday and Cyber ...
There is every reason for Japanese to wish the Alibaba co-founder the best of luck and see how he changes the world next.
Jack Ma ends 20-year reign over Alibaba wealth creation empire
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen. The former English teacher steps down as executive chairman of China's largest company on his 55th birthday ...
Billionaire Jack Ma, long an outspoken advocate for China's extreme work culture, says that people should be able to work just 12 hours a week with the benefits of artificial intelligence. People could work as little as three days a week, four hours a day ...
