Jack Ma Archives - TechStory

Billionaire Jack Ma plans to cede control of China’s Ant Group
This was following a regulatory crackdown that scuppered the company's $37 billion IPO.

Disha MitraJuly 29, 2022

Billionaire Jack Ma plans to cede control of China's Ant Group.Source: The Times of India Billionaire Jack Ma is reportedly planning to give up reins of the...

BusinessNews

China Detained Man Named ‘Ma’, News Wiped $26 Billion Off Alibaba’s Stock
A whopping $26 billion was wiped off of Alibaba’s market value in just a few minutes. But the company managed to recover the losses after a clarification.

Ayush BansalMay 6, 2022

Image: NPR Chinese e-commerce and internet company Alibaba, co-founded by Jack Ma, saw its shares fall as much as nine percent this week as reports emerged ...

BusinessNews

China’s Ant Group to take up majority ownership of payments platform 2C2P

Srestha RoyApril 19, 2022

As part of a cooperation, Ant Group, the fintech arm of China's Alibaba Group (9988.HK), will become the largest shareholder in Singapore-based payments platfor...

News

Alibaba upsizes share buyback by two-thirds to record $25 bln

Srestha RoyMarch 22, 2022

Alibaba increased its share repurchase programme to $25 billion on Tuesday, the e-commerce giant's largest-ever repurchase plan, to shore up its battered shares...

News

China’s Richest Drop $53 Billion in a Day as Stocks Plunge

Srestha RoyMarch 15, 2022

On Monday, China's stock market crash cost the country's wealthiest tycoons more than $53 billion. According to the Bloomberg Billionaires Index, Zhong Shanshan...

News

China asks state firms to check investments in Jack Ma’s Ant Group

Srestha RoyFebruary 22, 2022

According to sources familiar with the case, Chinese authorities have directed the country's largest state-owned enterprises and banks to do further checks on t...

BusinessNews

Jack Ma is on vacation and Twitter cannot keep calm.

Sandra Theres DonyOctober 20, 2021

Twitterati has yet another topic to rack their brains about. And this time, the axis point of discussion is the controversial figure, Jack Ma. According to the ...

Trending

Alibaba earnings drop amidst regulation by CCP

Rohit YadavAugust 3, 2021

Alibaba Group, China's largest e-commerce company, reported reduced profit but stable sales growth on Tuesday, signalling that a government crackdown on the cou...

BusinessMarketsNewsTechTrending

Zeng Yuqun, founder of Tesla supplier CATL, richer than Jack Ma

Manasi VarmaJuly 9, 2021

The latest report by the Bloomberg Billionaires Index, reveals that Zeng Yuqun, founder of the biggest maker of electric-vehicle batteries in the world, has lef...

BusinessElectric VehiclesFuture Tech

Alibaba hit by data leak, while incurring no financial losses

Manasi VarmaJune 16, 2021

Web scraping and data leaks have fast been becoming a mainstay in the hacking business, and have reached new heights in the past few weeks. Social media giants ...

Business