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15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
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Retail Asia13/10/2021

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days. The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticizing […]

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Retail Asia05/07/2021

Alibaba co-founders Jack Ma and Joseph Tsai are reportedly pledging their shares in the Chinese e-commerce giant in exchange for significant loans from global banks. The two tech billionaires have pledged their shares to banks including UBS, Credit Suisse, and Goldman Sachs, according to a «Financial Times» report citing company documents. The shares pledged were […]

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Retail Asia03/03/2021

Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in […]

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Retail Asia21/01/2021

Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman’s first appearance since October. Social media speculation over the whereabouts of China’s highest-profile entrepreneur swirled this month after news reports that he missed the final episode of a TV show featuring him as a […]

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Retail Asia05/01/2021

Once the poster boy for a new generation of multi-billionaire Chinese business and tech leaders, Alibaba founder Jack Ma’s fortunes have taken a serious dip in the last three months. Since a controversial speech in China in October 2020, where he lamented the country’s financial regulatory system and called for it to be reformed, the billionaire has been […]

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Retail Asia28/10/2019

Forbes Media has presented the Malcolm S Forbes Lifetime Achievement Award to Alibaba Group founder and partner Jack Ma, hailing his commitment to small businesses in addition to the impact that Alibaba has achieved since its launch 20 years ago. The annual award celebrates an individual who embodies and exemplifies the ideals of entrepreneurship championed […]

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Retail Asia24/09/2019

Alibaba Group founder Jack Ma, who helped launch China’s online retailing boom, has stepped down as chairman of the world’s biggest e-commerce company as its fast-changing industry faces uncertainty amid a US-Chinese tariff war. Ma, one of China’s wealthiest and best-known entrepreneurs, gave up his post on his 55th birthday as part of a succession […]

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Retail Asia24/09/2019

Alibaba Group celebrated its 20th anniversary on Tuesday in Hangzhou, highlighting its journey from 18 founders of a tiny e-commerce startup in a small apartment into the US$447 billion enterprise it is today. It was also Jack Ma’s final appearance as executive chairman, as CEO Daniel Zhang was set to take over at the helm of […]

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Retail Asia14/08/2019

Unlike traditional banks which could take days to approve loan applications, Jack Ma’s online bank usually takes a few minutes. At Jack Ma’s MYbank operating in China, borrowers only need a few taps on their smartphones to receive cash almost instantly, if they are approved. The whole process takes three minutes and involves zero human bankers. […]

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Retail Asia05/06/2019

Chinese retailer Suning has invested US$129 million into Jack Ma-backed Yunfeng Capital’s third fund. The funding represents 61.41 per cent of a committed $210 million to the private equity firm, which is set to raise $2.5 billion and has so far received commitments from 51 limited partners (LPs). The company stated that the funding will […]

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Retail Asia06/05/2019

In the middle of stress awareness month, Alibaba founder Jack Ma has told his company’s workers they should be working a “996” work schedule – that is from 9am to 9pm, six days a week. According to a speech made this week by Ma, working 12 hours a day for Alibaba was a “blessing” to […]

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Retail Asia18/03/2019

Alibaba founder Jack Ma has stepped back from active roles in five subsidiary companies as he prepares to hand over executive chairmanship of the company in September. Management of Alibaba say the moves were intended to improve the firm’s governance and administrative transparency. Ma has exited Alibaba’s Technology, Education Technology, Taobao Software, Network Technology, and Software departments. […]

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Retail Asia22/02/2019

The Africa Netpreneur Prize Initiative (ANPI) will officially call for applications starting from the 27th of March 2019. The ANPI is a US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation. Each year for the next ten years, the Prize will host a pitch competition in Africa where ten finalists from […]

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Retail Asia17/12/2018

Ever since the first Singles’ Day or 11.11 sale began in China in 2009, every year, there would be plenty of commentary explaining the phenomenon to an international audience. This doesn’t appear to be necessary any more. In its tenth edition, the event has grown into the world’s largest shopping festival where 180,000 brands participate and consumers […]

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Retail Asia12/12/2018

Alibaba Group Holding Ltd has signed an agreement with the Belgium government to launch an e-commerce trade hub, which will include investments in logistics infrastructure. The project is part of Alibaba’s Electronic World Trade Platform (eWTP), and Belgium is the first European country to join the project following similar agreements in Malaysia and Rwanda. Alibaba’s logistics arm, Cainiao, […]

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Retail Asia02/11/2018

In his final letter to shareholders, Alibaba founder and executive chairman Jack Ma made a case for globalisation despite recent uncertainties in US-China trade relations, consumer trends, stock markets and the manufacturing industry. This is the third time that Alibaba has faced a setback in the global economy over the 19 years, but experience suggests there are opportunities behind […]

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Retail Asia16/10/2018

Jack Ma, executive chairman of China’s Alibaba Group Holding, plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said the aim was to train 1,000 tech […]

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Retail Asia15/10/2018

Alibaba chief Jack Ma thinks blockchain tech is pretty meaningless – unless it helps us transform the manufacturing industry and protect the environment. In a keynote at World Artificial Intelligence Conference in China, the star entrepreneur shared his beliefs that budding technologies like blockchain, artificial intelligence (AI), and the Internet of Things (IoT) have yet to prove […]

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Retail Asia05/09/2018

Indonesia will partner with Alibaba chief executive Jack Ma to look into ways to use of the e-commerce giant’s ecosystem to increase its exports, particularly to China, Communications Minister Rudiantara said on Sunday. “We are also discussing how to work together to develop tech talents to meet the needs of Indonesia and the region,” Rudiantara said after meeting […]

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Retail Asia16/07/2018

Mukesh Ambani, Reliance Industries chairman has beaten Alibaba founder Jack Ma to become thr richest man in Asia on Friday, according to a report by Bloomberg. As per the report, Ambani’s estimated wealth rose to a whooping 44.3 billion dollars on Friday as Reliance Industries Ltd’s shares shot up to 1.6 per cent. Alibaba Group […]

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