Chinese e-commerce giant Alibaba Group Holding Ltd. wants to invest over RMB100 billion (US$15.6 billion) on smart logistics to improve delivery reach and efficiency, the company’s founder and executive chairman Jack Ma said this morning at a conference in Hangzhou.
In this episode of China Money Podcast, listen to all the news headlines in the week of May 14-18, 2018 with host Nina Xiang. Topics covered include Alibaba’s founder Jack Ma’s views on blockchain, the world’s largest Bitcoin miner Bitmain leading US$110 million in Goldman Sachs-backed Circle, and Chinese autonomous driving start-up Roadstar.ai raising a massive US$128 million financing round. Be sure to subscribe to China Money Podcast for free in the iTunes store, or subscribe to our weekly newsletter. …
Jack Ma, the billionaire founder of Chinese tech giant Alibaba Group Holding Ltd., said that Bitcoin is a bubble, while blockchain is not.
Chinese healthcare provider iKang Healthcare Group, Inc. (NASDAQ:KANG）announced that a consortium led by Alibaba Investment Limited and Jack Ma co-founded Yunfeng Capital, has proposed a all-cash transaction to privatize the US$1.29 billion company.
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.
Italian biomedical equipment maker Esaote S.p.A. announced that a consortium of Chinese investors, including Yunfeng Capital co-founded by Alibaba’s Jack Ma, have entered into definitive agreements to acquire the entire share capital of the company.
When you are Jack Ma, you never think small. The founder and executive chairman of Chinese technology giant Alibaba Group Holding Ltd. says he thinks that Yunfeng Capital, the private equity fund he co-founded, will one day rival the most powerful money managers in the world.
China’s largest e-commerce firm Alibaba Group Holding Ltd. said it has established a new company-wide committee to implement its strategy for the future and upgrade the group’s various business units.
Alibaba Group Holding Ltd. has agreed to acquired ten million shares of Shanghai Baison Software Co., Ltd, a retail management solution provider listed on China’s New Third Board, following a purchase of five million shares at RMB9 apiece two weeks ago.
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 …
Shanghai-listed Xinhua Net Co., an online news platform majority owned by Chinese state media organization Xinhua News Agency, plans to set up a joint venture with units of Alibaba Group Holdings Ltd. in a bid to transform itself to compete in today’s mobile and smart media environment.
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 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.
The Jack Ma Foundation, a charitable organization set up in 2014 by Alibaba Group’s founder, has agreed to give US$20 million (A$26.4 million) to fund a scholarship program at the University of Newcastle in tribute to Ma’s close personal connection to the Australian city.
Alibaba said Monday it would create one million jobs in the U.S. in five years by helping small businesses sell products and services to China, the world’s largest consumer market, and across the rest of Asia.
Microsoft co-founder Bill Gates has led a group of investors, including Alibaba Group Holding’s Jack Ma, to launch a US$1 billion fund focused on fighting climate change by investing in clean energy innovation.
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.
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 …
Hangzhou-headquartered Chinese e-commerce giant Alibaba Group Holding has agreed to take a 50% stake in Guangzhou Evergrande Football Club for RMB1.2 billion (US$192 million), according to media reports.
Chinese e-commerce giant Alibaba Group Holding Ltd. has committed US$100 million to Yunfeng Capital‘s second U.S. dollar fund as a limited partner, according to a securities filing submitted by Alibaba.
The founders of Chinese Internet giant Alibaba Group Holding Ltd. have established a US$3 billion charitable trust to help improve China’s environment, according to Alibaba’s official Sina Weibo account.
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 …
A company 99.14% owned by Alibaba Group’s founder Jack Ma has signed an agreement to acquire 20.62% of Shanghai-listed financial software company Hundsun Technologies Inc. for RMB3.299 billion ($530 million) in cash, according to a company announcement.
Shanghai-based Chinese video game company Giant Interactive Group is selling its stake in Alibaba Group Holdings to New York-based investment firm Tiger Global Management LLC for around US$199 million, according to a company announcement.
Hangzhou-based Chinese e-commerce giant Alibaba Group has acquired 54% in Chinese pharmaceutical data firm CITIC 21CN for around HK$1.3 billion (US$170 million), according to a security filing.