Commentary The Chinese regime fined Alibaba $2.8 billion in April under anti-monopoly law, highlighting the regime’s comprehensive review of Chinese internet companies. However, Tencent was only fined $310,000 despite its comparable monopolistic influence in China. For a mega-corporation like Tencent, a fine of this size is equivalent to pennies. The CCP’s biggest grievance with Alibaba is its…
Why Did Xi Jinping Purge Jack Ma?
Commentary Jack Ma, now China’s fourth-richest man and the former CEO of Chinese e-commerce giant Alibaba, criticized China’s financial system policies at the Bund Summit 2020 in October. Since then, his enterprises have become the target of Xi Jinping. At first, the listing plan for Ant Group, an affiliate company of Alibaba, was halted on Nov. 3….
Jack Ma Was Right When He Said, “Chinese Entrepreneurs Really Don’t End up Well”
“Chinese entrepreneurs really don’t end up well.” This statement, made 10 years ago by Jack Ma the founder of Alibaba Group, recently went viral on the internet. It seems that Ma’s casual but ominous words have come true, and his current situation is a true reflection of what he said at that time. On April…
Jack Ma Loses Title As China’s Richest Man, Slips to 4th Spot
March 5, 2021
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Jack Ma, the founder of China’s Alibaba and Ant Group, has received a lot of attention in recent months, after his empire came under regulatory scrutiny. Ma no longer holds the top spot for China’s richest man in 2021 in the Hurun Global Rich List. In addition, no real estate developers ranked among China’s top…
Jack Ma Loses Title as China’s Richest Man After Coming Under Beijing’s Scrutiny
BEIJING—Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in…
China in Focus (Feb. 4): China’s AI Giant Loses $1.7B Share Value in a Day
A top Chinese artificial intelligence company lost about $2 billion in market value in a single day. That’s despite huge amounts of government subsidies. A man who survived Wuhan’s virus outbreak is speaking out. He describes a strict lockdown, and what the infection took from him. China’s richest man hasn’t been seen in public for…
NTD Business Full Broadcast (Jan. 21)
President Biden keeps signing executive orders. We look at the economic impact of canceling the Keystone XL pipeline. And the Biden administration has promised to make the rich pay more in taxes. How might businesses respond? A successful investor warns about the danger of the Fed flooding market with cheap money. He says investors are…
NTD Business Full Broadcast (Jan. 20)
We take a look at Trump’s economic policy highlights — and hear from a former chief economist from his administration. New York City’s wealthiest face the highest income tax in the country — if the governor doesn’t get the relief he’s asking for. And U.S. regulators order Ford to recall millions of vehicles. It’s tried…
Alibaba’s Jack Ma Makes First Public Appearance in 3 Months
SHANGHAI—Alibaba Group founder Jack Ma made his first public appearance since October 2020 on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month…
Alibaba’s Ma Makes First Public Appearance in 3 Months
SHANGHAI—Alibaba Group founder Jack Ma made his first public appearance since October 2020 on Jan. 20, speaking to a group of teachers by video, and easing concern about his unusual absence from the limelight and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month…
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