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The Latest Breaking News from Jack Ma

China’s tech old guard make way for young blood in AI, crypto era

Beijing is seeking to assure tech sector that crackdown has passed amid questions about direction of regulatory policy.

Al Jazeera

Foreign cash streaming back into China

SHANGHAI: Foreign investors are steadily marching into China in the wake of Alibaba’s plans to restructure, with money managers reckoning it is the latest sign the national leadership is turning friendlier to business as economic growth gains traction.

Bangkok Post

China truce with business — for now

Worried about decelerating growth, Xi Jinping has launched a charm offensive to convince investors the country is open for business

Financial Times

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The Week Unwrapped: Reincarnation, Jack Ma and the nature of time

Olly Mann and The Week delve behind the headlines and debate what really matters from the past seven days. With Jamie Timson, Mariana Vieira and Julia O’Driscoll.

The Week

Opinion: Significance of Jack Ma’s Reappearance Should Not be Underestimated

Alibaba co-founder’s well-publicized visit to a local school signals a shift in China’s treatment of big tech

Caixin Global

China e-commerce giant Alibaba outlines future strategy

The CEO of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses

The Independent UK

French prosecutors raid banks in tax fraud case

Five of France's biggest banks are facing scrutiny in an ongoing investigation into possible tax fraud. BNP Paribas and Société Générale were among the lenders whose Paris offices have been raided by French prosecutors. They're accused of helping facilitate tax avoidance related to dividend payments. Also in the show -…

France 24

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Alibaba to split into six units

Alibaba Group Holding Ltd has announced plans to split its $220-billion business into six main units encompassing e-commerce, media and the cloud, each of which will explore fundraising or an initial public offering (IPO) when the time is right.

Bangkok Post

Alibaba's Jack Ma returns to mainland China

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school in the eastern city of Hangzhou where he discussed various topics including artificial intelligence

The Independent UK

Alibaba founder Jack Ma seen in China after months of absence

Billionaire is thought to have remained outside country after state crackdown on tech sector

The Guardian - UK

Alibaba founder Jack Ma returns to mainland China to visit school in Hangzhou

Jack Ma, the founder of Alibaba Group Holding, returned to mainland China recently after more than a year of overseas travel, and visited a school he founded in the city of Hangzhou, the hometown of Alibaba, according to sources familiar with his schedule.

Bangkok Post

China's super rich population drops as tech crackdown, global factors hurt wealth

More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing's crackdown on major tech companies hurt the super wealthy, a ranking of the world's wealthiest showed.

Reuters

Chinese billionaire Bao Fan goes missing, the latest in a string of high-profile disappearances

The well-known deal-maker's disappearance is the latest in a series of cases of high-profile Chinese executives going missing with little explanation.

ABC News

Weekly Must-Read: The Vision of Singapore’s Next Prime Minister

Lawrence Wong sees himself as a ‘servant leader,’ he says. ‘My role is not just to lead, but to serve my country and my fellow citizens’

Caixin Global

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The Independent UK

Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead

Caixin Global

Jack Ma Meeting Rumor Sends Stock of Thai Giant’s Unit Soaring

CP Group subsidiary Chia Tai Enterprises traded at HK$6.98 at one point on Wednesday, more than eightfold Monday’s opening price

Caixin Global

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Caixin Global

Shanghai Composite Index Rose 0.14% on Monday

Shenzhen Component Index closed up 0.98%

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The Guardian - UK

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

The Japan News/Yomiuri

Beijing seen shifting stance over control over major IT companies

BEIJING -- The Chinese Communist Party and the government is increasingly believed to be loosening its tight controls on the country's major IT firms, such as Alibaba Group Holding Ltd.

The New Daily

China billionaire gives up control of Ant Group

One of China's richest men Jack Ma will give up control of the company he founded after a regulatory crackdown. Mr Ma, who started online marketplace

The Independent UK

China's Ant Group says founder Jack Ma will give up control

Leading Chinese financial technology provider Ant Group has announced that its founder, e-commerce billionaire Jack Ma, will give up control of the company

Al Jazeera

Billionaire Jack Ma to cede control of China’s Ant Group

Business magnate Jack Ma who controlled over 50 percent of the fintech giant’s shares will now hold just 6.2 percent.

Bangkok Post

Billionaire Jack Ma chills in Bangkok

Billionaire Alibaba founder Jack Ma has been chilling in Bangkok this week amid reports that he is taking more steps to scale back his personal involvement with his online empire.

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