A period of stringent regulation for the industry is ending with the announcement of the penalties by China's top securities regulator, which is considered a hint that the authorities are closing up their inquiries into technological companies.
Jack Ma during the visit, avoided interactions with government officials and the media.
Bao is considered the man behind the landmark deals including Tencent's strategic investment in JD.com.
Ant has focused on overhauling its business operations to appease its regulators. It’s ramped up its capital base for its consumer loan affiliate.
Alibaba reported a 50 per cent drop in net income to 22.74 billion yuan ($3.4 billion) in the June quarter, down from 45.14 billion yuan in the same period last year.
According to the filing, Paytm E-commerce, the parent firm of Paytm Mall, bought a 28.34 percent stake in Alibaba and a 14.98 percent stake held by Antfin (The Netherlands).
Jack Ma's sudden disappearance in November had sparked a chain of controversies, with new reports emerging everyday. It began when Ma had irked regulators with the speech at a business conference in Shanghai attended by some of the regulators he was criticizing.
Alibaba Chairman Jack Ma irked regulators with the speech at a business conference in Shanghai attended by some of the regulators he was criticizing. Chinese Vice President Wang Qishan also was in the audience.
Alibaba founder Jack Ma has gone missing, according to a report in The Telegraph, UK. What's appalling is that the Chinese billionaire has not been in the public eye for more than two months.
Alibaba Pictures, which was set up by Jack Ma's e-commerce giant Alibaba, has given a marketing push to Chinese films as well as invested money in films of that country. Importantly, Ma also ventured into Hollywood beginning in 2015, and one of the most successful films Alibaba Pictures has backed lately is the 2019 release "1917", the Sam Mendes triple-Oscar winner that also has Reliance Entertainment and Steven Spielberg's Dreamworks Pictures as producers.
Alibaba founder Jack Ma has gone missing, according to a report in The Telegraph, UK. What's appalling is that the Chinese billionaire has not been in the public eye for more than two months. Considered one of China's internet pioneers, Jack Ma's apparent disappearance points fingers at the Chinese government as the two had been locked in a bitter conflict.
Jack Ma was supposed to appear as a judge in the final episode of his own talent shows Africa’s Business Heroes. He, however, did not turn up and later his pictures too were removed from the official website of the show.
Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China’s fast-growing tech industries.
Jack Ma, founder of China’s e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of USD 39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start.
Chinese financial technology giant Ant Group is set to raise about $34.5 billion from its initial public offering (IPO) in Hong Kong and Shanghai, surpassing the previous record set by Saudi Aramcos $29.4 billion IPO in terms of cash raised last year.
Alibaba founder Jack Ma is no longer China's richest man. According to Bloomberg Billionaires Index, Ma Huateng, who is the founder and CEO of Chinese Internet giant Tencent Holdings (TCEHY), has surpassed Jack Ma as China's richest man with a net worth of $50 billion.
Despite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far the world's richest person and his net worth has grown by 34 per cent on average over the last five years, said the study, by Comparisun, a company which helps organisations compare different business products.
The Jack Ma Foundation and the Alibaba Foundation have donated essential medical supplies to India along with six more countries -- Azerbaijan, Bhutan, Kazakhstan, Kyrgyzstan, Uzbekistan and Vietnam.
Mukesh Ambani, Reliance Industries MD and Indian energy tycoon, is no longer Asia’s richest man after he lost $5.6 billion on the back of a severe decline in RIL's share price. Mukesh Ambani lost his Aisa's riches man crown to Jack Ma, the co-founder of Alibaba Group.
China's tech billionaire Jack Ma has pledged over USD 2 million to support the development of antiviral drugs to combat the new coronavirus which has killed 2,236 people in the country and infected more than 75,000 others.
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