Jack Ma

Chinese President Xi Jinping on Tuesday sent out a clear signal to officials to steer clear of any unholy nexus with big businesses in the country. What Happened: Action should be taken to prevent Chinese officials from acting in favor of any interest or power group and colluding with businesses...

The lull that characterized the holiday period continued into the past weekend. News flow is likely to pick up pace after the Martin Luther King Jr. holiday scheduled for Jan. 16, as the curtains lift on the fourth-quarter reporting season. Here's a recap of a few major headlines that hit the...

Trading in the U.S. index futures points to a positive start by Wall Street stocks on Monday. With not much going around, traders may turn to a Fed speech, any potential preannouncements and energy prices for trading cues. What Happened: U.S. stocks closed the week ending Jan. 6 on a positive...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) rose over 7% in morning trade in Hong Kong in the wake of the news regarding billionaire Jack Ma ceding control of Ant Group. Ma’s 10% stake in Ant will drop to 6.2% under the proposed plan, according to a report...

Shares of several Chinese companies are trading higher Wednesday after Chinese regulators reportedly approved a capital raise for Alibaba Group Holding Ltd (NYSE: BABA) co-founder Jack Ma's Ant Group. Some of the stocks making the biggest moves include Baidu Inc (NASDAQ: BIDU),...

Chinese regulators have reportedly cleared a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit. The China Banking and Insurance Regulatory Commission division approved the company’s plan to raise its capital to 18.5 billion yuan...

Shares of One 97 Communications Ltd., which operates Paytm, India’s largest digital payments provider, soared over 7% in intraday trade on Friday after the company notified a board meeting to consider a share buyback. The board of the company backed by billionaire Warren...

Alibaba Group Holding Limited (NYSE: BABA) co-founder Jack Ma stepped down as the General Association of Zhejiang Entrepreneurs president, a position he has held since 2015. Ma, now 58, continued his post-retirement tour of food-related businesses and farms worldwide, SCMP reports. Nan...

Alibaba Group Holding Limited (NYSE: BABA) cofounder and one of China's richest business tycoon Jack Ma lived in central Tokyo for months amid Beijing's regulatory crackdown. Ma's months-long stay in Japan with his family included stints in hot springs and ski resorts in the...

Ending Jack Ma’s Ant Group‘s two-year-long regulatory feud, Chinese authorities will reportedly impose a fine of more than $1 billion on the billionaire’s fintech company. What Happened: China’s central bank – which has been driving the revamp at Ant after the Xi Jinping-...

Jack Ma's fintech giant Ant Group Co incurred a steeper profit decline in the three months that ended in June as the fintech giant molded itself to appease Chinese regulators, Bloomberg reported. The Hangzhou-based company contributed CNY2.4 billion ($335 million) to ...

The stock of digital payments service provider Paytm — backed by billionaire Warren Buffett‘s Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) and Jack Ma’s Alibaba Group Holding (NYSE:BABA) — lost nearly 10% of its value on Thursday in the Indian market. What Happened: The shares of Paytm’s...

Digital payments service provider Paytm – backed by Billionaire Warren Buffett‘s Berkshire Hathaway (NYSE:BRK) (NYSE:BRK) and Jack Ma's Alibaba Group Holding Ltd (NYSE:BABA) – saw a turbulent debut on the Indian stock exchanges last year, but it is back again in the top analyst's...

China's tech moguls have been walking on eggshells, Bloomberg reported. Alibaba Group Holding Limited (NYSE: BABA) founder and the nation's most prominent entrepreneur Jack Ma disappeared from public view after delivering a speech on China's state-dominated banking...

Jack Ma co-founded Alibaba Group Holding Limited (NYSE: BABA) fintech affiliate Ant Group has found a way to scale up its QR code-enabled payments solution overseas. Ant has been quietly forming partnerships with local payment providers in Asia.  Ant built something akin to...