Tag: Jack Ma
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Alibaba Plans To Split Into Six Companies!
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The Chinese online retail giant Alibaba wants to split itself into six independent companies. This would transform the now monolithic tech giant Alibaba into a tech holding company, which is rare in China.
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Jack Ma Resurfed In China After Successful Alibaba Restructuring!
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Before his return, Alibaba founder Jack Ma had been abroad for over a year. The billionaire’s relationship with Chinese authorities is strained. Now, he has reappeared in China for the first time. The Hong Kong newspaper South China Morning Post, which he owns, reported that Ma visited a school in…
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Alibaba Founder Jack Ma Plans To Withdraw From Ant Group
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Chinese regulators have once again targeted Alibaba Group Holding, a major shareholder in Ant Group, after several fines were already imposed on the Internet group. The powerful Alibaba Group Holding Ltd and Jack Ma’s financial technology giant Ant Group have been under scrutiny from Chinese authorities for years. Ant told…
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False Rumours About China’s Fintech Giant Ant Group’s Revived IPO Plans!
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In 2020, banking regulators had halted plans for an initial public offering of Alibaba’s payment subsidiary, Ant Group. Alibaba and its founder Jack Ma had fallen out of favor with Chinese regulators. Recently, rumors about revived IPO plans spread. However, Ant Group denied such plans and the shares of Alibaba…