jack ma

Alibaba Shares Soar on Expectation that New $982M Fine Signals End of China’s Tech Crackdown

Fintech firm Ant Group, an affiliate of Chinese ecommerce behemoth Alibaba, has been fined 7.1 billion yuan (approximately $982 million) by Chinese…

Alibaba Restructures into 6 Distinct Businesses to Drive Agility and Shareholder Value

Alibaba Group is undergoing the most significant restructure in its 24-year history with plans to split the company into six groups, each…

Alibaba Founder Jack Ma Cedes Control of Sister Fintech Firm Ant Group

Chinese billionaire Jack Ma will no longer control Ant Group, the fintech firm he founded, after the company reorganized its shareholding structure…

Walmart, Target, CVS And Walgreens To Offer Drive-Thru Coronavirus Testing

Walmart, Target, CVS and Walgreens are making major efforts to combat the spread of coronavirus (COVID-19) that go beyond their typical retail…

Jack Ma To Step Down As Chairman Of Alibaba In September 2019

Alibaba has announced the retirement of Co-Founder and Chairman of the Board Jack Ma, effective Sept. 10, 2019. He will be succeeded…

Alibaba Founders Take $20 Million Stake In Rent The Runway

Rent the Runway has received a $20 million investment from Blue Pool Capital, a fund that invests the wealth of Alibaba founders…

Singles Day 2016: A $17.8 Billion Lesson For U.S. Retailers

Alibaba’s gigantic online shopping holiday saw another record-smashing year in China, with mobile continuing to become an even more dominant shopping platform….

Singles’ Day: Can It Catch On?

If you asked a typical American what the highest-selling global online shopping day of the year is, they would likely come to…

Alibaba Set To Become Third Most Valuable Internet Company

Chinese e-Commerce giant Alibaba began trading on the New York Stock Exchange under the ticker “BABA,” opening at $92.70 per share at 11:53…

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