China’s authorities have issued a CNY 18.23 billion (~RM11.5 billion) fine to Alibaba over what they consider a monopolistic practice. Beijing had initiated an anti-monopoly investigation into Alibaba…
Jack Ma’s Ant Group Reaches Restructuring Deal With China’s Regulators
According to a deal brokered with Chinese regulators, Jack Ma’s fintech firm Ant Group will be transformed into a financial holding company, making it subject to capital requirements just like banks. …
Jack Ma Reappears After Three Months Of Silence
Chinese tycoon and famed Alibaba co-founder Jack Ma has resurfaced after a three-month absence from public view which fuelled speculation over his fate and whereabouts. Beijing has been applying incre…
Jack Ma Not Seen In Public For Two Months; Scrubbed From His Own Show
Jack Ma has been under constant scrutiny lately. Alibaba is being investigated for monopolistic practices. Then Ant Group got told to return to just providing payment services and drop everything else…
The World’s Biggest One-Day Only Sale is Happening Soon
China’s e-commerce scene is unlike anywhere else in the world. With several e-commerce platforms that each have millions of products for sale, the scale is such that eventually, it will attract …
Alibaba’s Jack Ma Defends Counterfeit Product Comments; Says He Was Quoted Out Of Context
Alibaba founder Jack Ma stirred controversy when he was quoted as saying that Chinese counterfeit goods are cheaper and of comparable quality to the real thing. However, Ma has now said that his comme…