Jack Ma’s downfall is a symptom of Xi Jinping’s communist economy

Jack Ma became a recognisable leadership figure in China. He criticised China’s regulatory system, a move perceived as an assault on the Chinese state. “Without risk, no innovation can happen in...

5 Best Chinese Stocks To Buy And Watch

China is the world's most-populous nation and the second-largest economy. Dozens of Chinese stocks are often among the top performers at any given time. Among the best are Nio, Baidu, Li Auto,...

Jack Ma built up Masayoshi Son’s SoftBank war chest. Now, Son may be giving up on Ma

Their decoupling would end to one of the most lucrative business partnerships in history.

Alibaba Shares Jump Premarket

Alibaba Group's shares gained about 6% premarket. Revenue in Chinese commerce fell 1% on the year, but revenue from its cloud business rose 16%.Founder Jack Ma plans to relinquish control of...

Jack Ma's Ant Sees Profit Fall 17% After Regulatory Setback

Jack Ma's Ant Sees Profit Fall 17% After Regulatory Setback  Bloomberg

Alibaba Stock Recovery Hits Roadblocks Ahead of Earnings Report

Alibaba Group Holding Ltd. faces a reality check as the e-commerce giant reports quarterly results on Thursday. Investors will be laser focused on forward guidance, particularly after harsh Covid...

Alibaba shares keep sliding in Hong Kong following delisting threat from SEC

Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight. U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be...

Alibaba strives to keep New York and Hong Kong listings

- Alibaba (NYSE:BABA) Group Holding Ltd said it would work to maintain its New York and Hong Kong stock exchange listings after the Chinese e-commerce giant was placed on a delisting watchlist by...

5 Best Chinese Stocks: Tech Crackdown, Covid Fears Return

China is the world's most-populous nation and the second-largest economy. Hundreds of Chinese companies are listed on U.S. markets. Dozens of Chinese stocks are often among the top performers at...

Alibaba Stock Plummets As Chinese Regulators Pressure Jack Ma To Cede Control Of Ant Financial

Alibaba Group Holding Ltd - ADR BABA finished a news-packed week on a low note Friday. The stock was down about 9.5% following reports that billionaire Jack Ma is giving up control of Ant...

Alibaba slumps 8% as Chinese techs beat a path into the red

Alibaba shares fell as much as 10% Friday after the U.S. Securities and Exchange Commission added the Chinese Internet and e-commerce giant to its list of companies facing possible delisting....

Jack Ma Escapes Beijing's Crosshairs By Giving Up His Power

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years. The 57-year-old co-founder of Alibaba Group Holding Ltd. has popped up at...

Gravitas: How China destroyed Jack Ma

Gravitas: How China destroyed Jack Ma

Gravitas: How China destroyed Jack Ma  WIONJack Ma Escapes Beijing's Crosshairs By Giving Up His Power  NDTVReport: Jack Ma to cede control of Ant group | Latest World News | WION  WIONJack Ma...

Alibaba Stock Plummets As Chinese Regulators Pressure Jack Ma To Cede Control Of Ant Financial

Alibaba Group Holding Ltd - ADR BABA finished a news-packed week on a low note Friday. The stock was down about 9.5% following reports that billionaire Jack Ma is giving up control of Ant...

Alibaba leads sharp drop in Chinese internet stocks as it heads for worst month since November

Alibaba's U.S.-listed shares were off 8.5% in Friday's session and down 18.9% over the course of July. That would put the shares on track for their biggest monthly drop since November 2021. The...

By stepping away from Ant Group, Jack Ma escapes Beijing's scrutiny; Ma has been seen traveling Europe after...

Futures Surge Propelled By Stellar Tech, Energy Earnings

Futures Surge Propelled By Stellar Tech, Energy Earnings US and European stock were set for their best month since November 2020 following blowout earnings from the likes of Amazon...

Jack Ma to Give Up Control of Ant Group amid Regulatory Pressure

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore...

Alibaba/Jack Ma: sightings in Europe will no longer boost falling stock

Share price gains triggered by sightings of the Chinese billionaire will become less frequent with Ant exit

Chinese Billionaire Jack Ma To Cede Control Of Fintech Giant Ant Group: WSJ

Jack Ma plans to cede control of his fintech giant Ant Group, according to a Wall Street Journal report, as the company seeks to ameliorate concerns raised by regulators that derailed its massive...

Gloom Returns to China Stocks With Worst Monthly Loss in a Year

The Hang Seng China Enterprises Index of stocks slumped 2.8% on Friday, taking its July loss to over 10%. It was the index's worst monthly performance in a year. July marked the return of almost...

Jack Ma Plans to Cede Control of Ant Group - WSJ

Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said. It's part of the fintech giant's effort to move away from affiliate Alibaba Group Holding...

Ant Group IPO set for further delay as Jack Ma plans to give up control

Founder’s decision to retreat from Chinese fintech giant will push back planned float by at least a year

Billionaire Jack Ma to cede control of financial tech giant Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, Wall Street Journal reports. Ma only owns a 10% stake in Ant, an affiliate of Alibaba Group Holding. He has control over two other...

Jack Ma Escapes Beijing's Crosshairs By Giving Up His Power

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years. The 57-year-old co-founder of Alibaba Group Holding Ltd. has popped up at...

Alibaba Slumps 5% as Traders Assess Earnings Risk, Ant Report

Alibaba shares fall for a third straight day. Shares down as much as 5.5% on Hang Seng Tech Index. Concerns that Jack Ma may give up control of his fintech arm, Ant Group, to other companies....

Jack Ma Escapes Beijing’s Crosshairs by Giving Up His Power

Jack Ma is taking a weeks-long tour in Europe after largely disappearing from public view for almost two years. The 57-year-old co-founder of Alibaba Group Holding Ltd. has popped up at...

Jack Ma in Europe Escapes Beijing Crosshairs, Steps Back From Alibaba Empire

Jack Ma in Europe Escapes Beijing Crosshairs, Steps Back From Alibaba Empire  Bloomberg

Billionaire Jack Ma to cede control of financial tech giant Ant Group

Chinese billionaire Jack Ma plans to cede control of Ant Group, Wall Street Journal reports. Ma only owns a 10% stake in Ant, an affiliate of Alibaba Group Holding. He has control over two other...

One-Stop Business News, backed by Mark Cuban. Free to Use →