Counting Jack Ma’s $5B Shopping Spree In 2014

So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to US$5 billion. That’s equal to writing a check of around US$1 billion every month. And, we didn’t count the small peanuts like the US$15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the US$20 million it co-invested …

Shanghai CBN, Ant Financial To Invest In Hundsun For Financial Data Play

Hangzhou-based Chinese financial software company Hundsun Technologies Inc. says it has signed an agreement with three strategic investors to inject RMB390 million (US$63.5 million) into one of its subsidiaries, with the hope to develop it into a leading financial data services firm in China, according to a securities filing. The three investors include financial media firm Shanghai China Business Network Co. Ltd., Ant Financial Services Group, the financial services arm of Alibaba Group Holding Ltd., and an investment firm controlled …

Did Jack Ma Just Lose $170 Million?

By Nina Xiang With the release of two brief announcements made by Chinese regulators over the weekend, Jack Ma, one of China’s most powerful entrepreneurs, saw a pillar supporting his vast business empire collapse.

Alibaba Partners With Denmark On Exports, Counterfeits And Travel

Alibaba Group Holding Ltd and the Danish government have signed a memorandum of understanding to increase trade and tourism between the two nations while strengthening cooperation in anti-counterfeiting and the protection of intellectual property, according to a company announcement.

Alibaba Doubles Down On Tech Research To Serve 2 Billion Customers Globally

Chinese Internet giant Alibaba Group Holding Ltd. plans to double down on technology research and development to strengthen its core competence and support its vision of serving two billion people in the future. The e-commerce company unveiled its grand plan at its inaugural tech summit, called "New Technology, New Future" held at its Hangzhou headquarters on March 9, with over 5,000 engineers in attendance. Jack Ma, Alibaba’s executive chairman, reiterated his expectation that Alibaba will become the world’s fifth-largest "economy" …

Alibaba To Host Summit In Detroit To Help US Businesses Sell To China

Chinese e-commerce giant Alibaba Group Holding Ltd. plans to host a two-day conference in Detroit on June 20 and 21 to help U.S. businesses sell to 443 million consumers in China. The step follows Alibaba founder and chairman Jack Ma’s promise he made in January after meeting with President Trump to help one million U.S. small businesses enter the Chinese market. China’s middle-class population is projected to exceed 600 million by 2022, or nearly twice the size of the entire …

Jack Ma’s Alibaba, Xinhua Unleash Robot Journalist Army On China, Raising Privacy Fears

Imagine walking your child to school, then discovering an hour later that you and your child’s image has been featured on state news simply because you happened to walk past a store that was just robbed. This type of invasive news coverage has just become reality in China thanks to a partnership between tech giant Alibaba Group and Chinese state newswires Xinhua News Agency.