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

09 28, 2021 20:33 PM

Tech Insider: Mass-Produced Satellites, Industrial Robots, Huawei’s Latest Cloud Venture

Alibaba invests in Singaporean van startup and plans for robot deliverymen at home

09 24, 2021 16:02 PM

Alibaba Seeks Exit From Media Firm After Beijing’s Scrutiny

The tech giant plans to sell its over 5% stake in Hunan province-based TV shopping and entertainment network Mango

09 22, 2021 18:22 PM

Tech Insider: Baidu-Backed Driverless Truck, Douyin Limits Kids to 40 Minutes Daily

Didi denies management shakeup report, to open mall in northwest China, Li Auto lowers NEV delivery projection due to chip shortage

09 17, 2021 17:45 PM

China Mogul Loses $27 Billion in World’s Biggest Drop in Fortunes

It’s the starkest example of how the tide has turned for China’s billionaire class

09 06, 2021 20:28 PM Founder Hands Over Day-to-Day, but Retains Stranglehold on Overall Control

Richard Liu is the latest tycoon to step back and announce government-aligned philanthropic goals

08 27, 2021 21:36 PM

It’s Illegal to Make Employees Work 12 Hours a Day, Six Days a Week, Top Court Says

Joint notice with Ministry of Human Resources and Social Security blasts ‘996’ overtime policies, highlighting 10 examples of employer disputes to remind workers of their rights

08 20, 2021 16:34 PM

ByteDance Valuation Soars Despite China Tech Woes

Most companies in the Hurun Global 500 list of private sector firms grew in net worth, but not Alibaba, which led in declines

08 13, 2021 17:11 PM

Tesla Battery Supplier CATL Plans $9 Billion Share Placement

World’s biggest maker of EV power cells will sell the China-listed shares to up to 35 investors to help fund lithium-ion battery projects and new-energy research

08 13, 2021 09:50 AM

CX Daily: PBOC Suspends Mandatory Ratings For Interbank Market Bond Issuers

China's new regulation plan pledges to step up antitrust efforts. The country's central bank offers $31 billion in cheap loans to boost struggling regions

08 12, 2021 19:51 PM

Jack Ma-Linked Startup Seals Deal to Hunt for EV Battery Materials in Greenland

Kobold uses artificial intelligence to guide it to where it should buy land and drill for metals

08 05, 2021 09:31 AM

CX Daily: Chip Speculators Targeted By Probe On Cost Of Scarce Auto Part

Ant Group's profit falls by 37% amid China's tech crackdown. The country's services sector expands at a faster pace, Caixin data shows.

08 04, 2021 21:55 PM

Ant Group Profits Plunge

Decline of over 37% quarter-on-quarter comes as financial conglomerate required to comply with new microlending rules

08 03, 2021 21:02 PM

Henan Floods to Cost Insurers Billions

Much of the payout is expected to come from auto claims, as insurers were ordered to include flood damage in policies last year

07 30, 2021 07:55 AM

Tesla Battery Supplier CATL Debuts Cheaper Sodium-Ion Batteries

Chinese battery giant reports breakthroughs giving the new electricity storage cells greater energy density

07 27, 2021 09:48 AM

CX Daily: Education Companies Knew Sweeping Rules Were In The Pipeline

China publishes a negative list for the cross-border services trade in Hainan. The country urges the U.S. to revoke sanctions and visa restrictions on Chinese nationals.

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