The billionaire founder of the Chinese e-commerce giant Alibaba, Jack Ma, has reappeared this Tuesday in a virtual meeting with rural teachers after months without knowing his whereabouts, time in which the relationship between PekÃn and the business group he created. In the video, posted on the newspaper portal Tianmu News, published in his native […]
Tag: Jack Ma
Alibaba Founder Jack Ma Reappears Months After Vanishing
Jack Ma resurfaces after months via an online video where he is seen congratulating rural teachers supported by his foundation. While it is still unknown where Ma is and what is his position with the Chinese regulators, news of his re-emergence has sent Alibaba’s shares up 8%.
China tightens the fence on its tech giants to ensure their loyalty
The Chinese Communist Party (CCP) has 89 million members. If it were a country, it would be the seventeenth most populous in the world. It would go just behind the Democratic Republic of the Congo and ahead of Germany. Within Chinese society, having the CCP card, especially outside the big cities, grants a superior status, […]
Ant Group Set To Launch “History’s Largest” IPO, Says Jack Ma
The offering could be worth a grand $35 billion, the biggest yet, following the previous record set by the multinational oil company, Saudi Aramco, of $29.4 billion float last December.