Tag: Jack Ma
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Beijing seems to be easing its controls on giants like Alibaba
Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]
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Stricter rules for banks after SVB collapse?
Senator Tim Scott, RS.C., right, greets Michael Barr, off-camera, Vice Chairman for Oversight of the Board of Governors of the Federal Reserve System, at the Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. […]
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Jack Ma’s life after Alibaba takes him to a fish farm, Fiji and beyond
He was the boss of a tech giant. Now he studies fish and rice. After appearing to fall out of favor with China’s leadership following a 2020 speech criticizing financial regulation, Jack Ma, co-founder of Alibaba Group Holding Ltd. generally kept a low profile. Out of the public eye, the 58-year-old multi-billionaire, who stepped down […]
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Alibaba says it will split into 6 units that can raise funds and IPO
Alibaba said Tuesday it will split its company into six corporate groups, each with the ability to raise outside financing and go public. It is the most important reorganization in the history of the Chinese e-commerce giant. Alibaba said in a statement that the move is “designed to unlock shareholder value and promote market competitiveness.” […]
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Alibaba founder Jack Ma returns to China after months abroad
Alibaba founder Jack Ma has been seen in public in China for the first time in months. The return of the billionaire could indicate that Beijing is softening its stance on the tech sector after an 18-month repression. Cost photo | Future publication | Getty Images Ali Baba founder Jack Ma has been spotted in […]
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Alibaba co-founder Jack Ma returns to China after a year’s absence
Jack Ma, Alibaba Group Holding Ltd. The billionaire co-founder has returned to mainland China after spending about a year abroad, according to people familiar with the matter. The travels of Mr. Ma have been the subject of intense scrutiny as China’s leadership scrambles to regain entrepreneurial confidence after years of regulatory and pandemic Covid-19 measures […]