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

11 15, 2022 04:57 AM

Ant Consumer Unit Raises $1.49 Billion From Sunny Optical, Yuyue

Deal slashes fintech giant’s funding plan in half after Cinda Asset Management backed out of an investment plan months ago

11 12, 2022 19:36 PM

Alibaba Keeps ‘Double 11’ Sales Secret for the First Time

The e-commerce giant decides not to disclose full sales results for its signature shopping extravaganza after forecasts showed that the figure may suffer a decline

11 10, 2022 10:04 AM

CX Daily: Battle Begins for China’s Private Pension Funds

Li Keqiang arrives in Phnom Penh to attend meetings of East Asian leaders on regional cooperation

11 09, 2022 05:39 AM

China’s Super Rich Are Poorer, and There Are Fewer of Them

Economic vicissitudes of war, pandemic and slumping stock and real estate markets shrink fortunes of billionaires on Hurun Rich List

09 28, 2022 18:51 PM

Top Stories of the Month: China’s Mortgage Boycott Epicenter Gives Developers an Ultimatum

Local governments in China have been making efforts to jump-start the country’s flagging real estate sector

09 13, 2022 20:47 PM

In Depth: Ant Group Rebuilds for Regulators, but at What Cost?

The fintech company is a shadow of the titan it once was, with its highly lucrative consumer lending business decoupled from ubiquitous payments service Alipay

09 01, 2022 16:21 PM

Alibaba’s Lazada Eyes Europe Push to Take on Amazon, Zalando

The e-commerce platform’s advance into Europe follows a $912.5 million investment from its Chinese parent

08 17, 2022 03:49 AM

Ant’s Valuation Slashed by Fidelity, Blackrock and T. Rowe Price

Global investors that bought private shares knock billions of dollars off estimates for fintech giant amid government-driven restructuring

08 08, 2022 20:10 PM

Tencent Dumps Shares of Chinese Film Studio in Latest Sign of Movie Industry Struggles

The Shenzhen-based internet titan cuts its holdings in Huayi Brothers to 5% from 8%

08 05, 2022 14:16 PM

SoftBank Talent Drain Worsens, Adding Pressure on Son to Deliver

With two more partners leaving, at least 10 top-level managers have departed from the world’s largest investment fund since March 2020

08 05, 2022 02:57 AM

Jack Ma’s Ant Records 17% Profit Drop After Regulatory Setback

Fintech giant’s March quarter result reflects sweeping corporate overhaul ordered by regulators

08 05, 2022 02:45 AM

Alibaba Sales Shrink but Beat Estimates in Rocky Economy

E-commerce giant’s first quarterly revenue decline marks the end of a decade of sizzling growth for China’s internet giants

08 04, 2022 17:53 PM

Alibaba Jumps as Much as 6.5% Amid Tech Rally Ahead of Earnings

The e-commerce giant led Chinese technology stocks higher as investors repositioned before the release of its quarterly results

08 03, 2022 16:01 PM

Alibaba and Tencent Face End of an Era as Sales Start to Shrink

The national champions are shadows of their former selves, after last year wiped more than $1 trillion off their combined market value

07 19, 2022 20:26 PM

Tech Insider: Coal Giant Buys Into Missfresh, Chip Chief Probed

Douyin, iQiyi sign landmark licensing deal, Arcfox ships Huawei-powered EVs

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