Alibaba Founder to Retire

China Alibaba Founder to Retire News - Caixin Global

Jack Ma to step down next year as chairman of company he founded in 1999, ending an era for China's leading e-commerce company

Update: Era Ends as Alibaba Founder Jack Ma Prepares to Step Down

E-commerce giant announces CEO Daniel Zhang will take over as chairman’s title next year

01 21, 2021 09:26 AM

CX Daily: Japan’s New China Envoy Says Two Countries Need to Break Cycle of Ups and Downs

Jack Ma makes his first public appearance since October. Plus, Beijing finds two cases of a more infectious European coronavirus strain

01 21, 2021 05:51 AM

Ant, Tencent’s Online Payment Services Are in Central Bank Crosshairs

PBOC proposes rules to curb concentration in China’s $9.23 trillion online payments market, where Ant and Tencent dominate with 1 billion customers

01 20, 2021 21:00 PM

Update: Alibaba’s Jack Ma Resurfaces After Three Months, Sparking Stock Rally

After rumors swirled about his whereabouts, the billionaire founder of Alibaba and Ant Group spoke Wednesday at an online event devoted to rural education

01 15, 2021 20:43 PM

What You Need to Know About Ant Group’s Suspended IPO and the Future of Chinese Fintech

The regulatory storm that has shaken the industry didn’t come out of the blue. But its toughness may have been a surprise

01 11, 2021 19:23 PM

Pinduoduo Reports Second Worker Death as Overwork Debate Rages On

Worker jumped to his death from his family’s home in Central China on Saturday, one day after requesting leave and just months after joining the e-commerce company

01 06, 2021 20:17 PM

China Slams Trump Order Banning Alipay, WeChat Pay

Order is the outgoing administration’s latest bid to use national security powers against China’s technology companies

01 06, 2021 14:51 PM

China’s Bottled Water King Is Now Richer Than Warren Buffett

Zhong Shanshan is now the sixth-wealthiest person on the planet

01 05, 2021 03:36 AM

Zhang Kailei Wants to Give Away His Tutoring Company

Founder of failed can’t find a taker amid the carnage in a hotly competitive online education sector

01 04, 2021 17:00 PM

Pinduoduo Worker’s Death Renews Scrutiny of 996 Work Culture

Employee’s death unleashes wave of criticism against the punishingly long hours that Chinese tech companies are infamous for

12 31, 2020 14:51 PM

Move Over Mukesh Ambani, China’s Bottled Water King Is Asia’s New Richest Person

Zhong Shanshan’s net worth has surged $70.9 billion this year to $77.8 billion, making him the 11th-richest person on the planet

12 26, 2020 09:30 AM

Editor’s Picks: Ant Squashed Again, and the Passing of a China Legend

This week saw regulators take their latest shots at Jack Ma’s internet empire of Alibaba and Ant Group, while it also saw the death of prominent scholar Ezra Vogel

12 25, 2020 05:23 AM

Online Educator Yuanfudao Bags Another $300 Million, Two Months After Raising $2.2 Billion

Online tutoring startup adds to cash war chest in battle for market share; Yuanfudao fundraising this year reaches $3.5 billion; online education booms as pandemic spurs shift to remote learning

12 25, 2020 04:33 AM

Alibaba U.S.-Listed Shares Tumble Most Ever on China Monopoly Probe

E-commerce giant’s U.S. listed stock fell 13% in its biggest one-day drop on record, bringing Alibaba to its lowest level since July

12 24, 2020 19:21 PM

Update: Top Financial Watchdogs to Lecture Ant Group on Regulation, Consumer Rights

Fintech giant’s summons to meet with China’s central bank and other financial regulators comes less than two months after it was forced to shelve its mega-IPO

12 24, 2020 19:10 PM

Year in Review: 2020 Exposes Gray Rhino Risks in China’s Financial Sector

Imploding oil investment product, a wave of SOE bond defaults, and abrupt suspension of Ant Group’s IPO all point to predictable problems

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