Jack Ma Doubles Down on Alibaba
China’s most famous entrepreneur has been out of the spotlight after clashing with officials. But in recent months, he has been buying shares in the tech giant he co-founded as its stock has plunged.
Daniel Zhang Steps Down From Alibaba
Daniel Zhang, who had been expected to give up his chief executive and chairman roles this month, is also leaving as head of the company’s cloud division.
Posted inBanking and Financial Institutions China Fines (Penalties) Initial Public Offerings Ma, Jack People's Bank of China Regulation and Deregulation of Industry
China Hits Ant Group with $985 Million Fine
After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing is wrapping up its crackdown on technology firms.
Posted inChina Company Reports E-Commerce Economic Conditions and Trends Ma, Jack Tencent Holdings Ltd
Alibaba, Baidu and Tencent Signal First Steps in Bumpy Recovery
The economy is open again, helping Alibaba, Baidu and Tencent claw back in the first quarter from a miserable 2022, though they will likely face continuing skepticism from investors.