Jack Ma, the co-founder of Chinese e-commerce Alibaba Group, has taken up a visiting professor position at a research institute affiliated with the University of Tokyo, the university said Monday. Ma, 58, began his tenure at Tokyo College on that same day, and he will carry out joint research and projects related to sustainable agriculture…
Hang Seng Index is Increasingly Flooded with Mainland Stocks
June 21, 2022
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Alibaba GroupChinaChina concepts stockHang Seng indexHK BusinessHong KongHong Kong EconomyHong Kong Exchanges and Clearing
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Commentary Over the 25 years after the handover of Hong Kong’s sovereignty, Hong Kong has undergone tremendous changes in all segments of society. One most notable change during the past 25 years is the “Hang Seng Index (HSI),” which used to reflect the health of the Hong Kong stock market. It is now being dominated…
SoftBank Becomes the Biggest Victim Amid China’s Clampdown on Internet Giants
SoftBank Group Corp., a Japanese venture capital firm, announced its performance for the second quarter (April – September) on Nov. 8. Its Vision Fund lost $7.96 billion, resulting in a $3.58 billion loss in investment income, down $21.98 billion from the same period last year. Chinese media have called it the biggest “victim” of the…
Jack Ma’s Passion for Horticulture Keeping Him Afloat: Expert
News Analysis Jack Ma, founder of Alibaba, recently made public appearances in Hong Kong, Spain, and the Netherlands. Media reports of his tour in Europe seem to debunk rumors of the Chinese billionaire being involved in graft investigations. Ma’s recent tour of agricultural research institutions in the Netherlands, as reported by his subsidiary media, was interpreted…
Alibaba Stock Loses $344 Billion in a Year in Historic Wipeout
In just a year, Alibaba Group Holding Limited has lost around $344 billion in market capitalization, the largest-ever decline in shareholder value globally, reports Bloomberg. Last year, Alibaba founder Jack Ma faced summons from the Chinese authorities when they suspended the listing of Alibaba’s fintech arm Ant Group. With that, Alibaba’s shares started sinking and…
China’s Ant Group Increases Registered Capital by 47 percent to $5.4 Billion
BEIJING—China’s Ant Group has raised its registered capital to $5.44 billion from $3.69 billion, public business registration records showed, as the fintech giant continues its government-mandated restructuring. Ant, an affiliate of e-commerce leader Alibaba Group Holding Ltd., in a Monday statement said the increase was to support growth and was “according to relevant regulations and…
In Fresh Regulatory Move, China Tells Tech Giants to Stop Blocking Rivals’ Links
September 13, 2021
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Alibaba GroupChinaChina Business & EconomyChinese RegimeCorporations TrappedInternationalinternetSpecial TopicsTencentWorld
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BEIJING—China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each other’s links on their sites, or face consequences. The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijing’s broad regulatory clampdown…
Why Is Alibaba ‘Full of Gratitude’ for Record $2.8 Billion Fine Imposed by Beijing?
Commentary China’s Alibaba Group found itself under the spotlight following a record antitrust fine slapped on the tech giant, yet it openly expressed its gratitude to the Chinese regime. On April 10, the world’s biggest e-commerce company was fined 18.2 billion yuan ($2.8 billion) by Chinese regulators for anti-competitive tactics, as the ruling Chinese Communist…
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