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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

MOST RECENT
11 28, 2020 09:30 AM

Editor’s Picks: Beijing Shows ‘Zero Tolerance’ for Deadbeats, and Ant Picks Up the Pieces

Beijing hopes for ‘cooperative competition’ with U.S. under Joe Biden, while the country officially eliminates extreme poverty

11 25, 2020 09:25 AM

CX Daily: China's Baoshang Bank Cleared to Start Bankruptcy Proceedings

Overseas investors are to ramp up investment in Chinese mainland markets, portfolio managers predict

11 24, 2020 20:26 PM

After Jack Ma’s Tirade, Alibaba’s Grateful Zhang Soothes Market Watchdogs

Chairman and CEO thanks government for encouragement, pledges support for regulation

11 24, 2020 04:29 AM

Short Sellers Target Ping An Fintech Unit After Ant IPO Halt

Investors bet against Lufax Holding amid China’s fintech crackdown and U.S. threats to delist Chinese stocks over audit compliance

11 12, 2020 03:30 AM

China Vows Escalation in Clampdown on Fintech’s Dominance

Top banking regulator says fintech companies like Ant Group should be subject to the same supervision and risk rules as banks

11 11, 2020 14:02 PM

China Tech Selloff Claims Another $200 Billion in Market Value as Investors Worry Over Antitrust Rules

Stocks slump after authorities unveil regulations to root out monopolistic practices in the internet industry

11 11, 2020 05:44 AM

Singles’ Day Bonanza May Herald Return of China’s Consumers

Annual Nov. 11 online shopping festival led by Alibaba offers best barometer yet of China’s post-pandemic recovery

11 10, 2020 09:19 AM

CX Daily: Why Ant Group’s IPO May Stay on Ice for a While

China-U.S. tensions won't disappear under Biden, experts predict. Plus, Tim Hortons plans to speed up its expansion in China.

11 09, 2020 20:45 PM

Billionaire Jack Ma Pays High Price for Challenging Regulators

Ant Group founder’s criticisms prompted authorities to speed up tighter oversight of fintech lenders, sources say

11 09, 2020 20:40 PM

Only Four of China’s Hundreds of Online Microlenders Meet New Requirements

Ant Group is not the only firm to take heavy blow from draft regulations governing China’s booming online microlending industry

11 09, 2020 06:32 AM

Cover Story: Why Ant Group’s IPO May Stay on Ice for a While

Tough new regulations for microlending may force significant changes for fintech giant’s platforms and a big haircut off its $302.5 billion valuation

11 07, 2020 05:08 AM

China’s 3-Year Crackdown Leaves Just Three P2P Lenders Standing

Top banking regulator vows unified regulation including fintech after abuse-ridden P2P sector’s former 6,000 platforms sticks investors with $115 billion of unpaid debt

11 06, 2020 05:31 AM

Ant Group to Refund IPO Investors Plus Fees and Interest

Fintech giant’s move lets more than 1 million retail investors off the hook for costs of suspended offering as CSRC urges strategic investment funds to follow suit

11 05, 2020 19:01 PM

Caixin Insight: What Blew Up the Ant Group IPO?

Plus explanations of China’s new online microlending rules and the 14th five-year plan recommendations

11 05, 2020 15:10 PM

Bankers Reel as Ant IPO Collapse Risks $400 Million Payday

Financial professionals around the world have marveled over the surprise drama between Ant and China’s regulators

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