Jack Ma

China Imposes Record Fine on Alibaba

Chinese regulators hit e-commerce giant Alibaba with a staggering $2.78 billion fine for alleged antitrust violations Saturday, seizing about four percent of the company’s annual revenue with the largest corporate penalty the Chinese government has ever assessed.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, …

Fresh from Breaking Down Alibaba, China Targets Tencent for ‘Antitrust’ Action

The Chinese Communist Party (CCP), having humbled billionaire Jack Ma and cut his Alibaba e-commerce empire down to size with anti-trust regulations, turned its attention to another tech billionaire and his corporation, Pony Ma and the social media/videogame titan Tencent Holdings. Pony Ma was reportedly called in for an unpublicized meeting with antitrust officials on Thursday.

Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd. speaks during the 2017 China International Big Data Industry Expo at Guiyang International Eco-Conference Center on May 28, 2017 in Guiyang, China. Tencent (www.QQ.com) is the largest Chinese web portal in China. (Photo by Lintao Zhang/Getty Images)3

China to Crack Down on ‘Unregulated Expansion of Capital’

The Chinese Communist Party’s (CCP) annual legislative meeting this weekend will take action against the “unregulated expansion of capital,” according to Premier Li Kequiang, signaling another regulatory beating to teach outspoken tech billionaires who is truly in charge of the Chinese economy.

BEIJING, CHINA - MARCH 05: Chinese Premier Li Keqiang speaks at the opening session of the National People's Congress at the Great Hall of the People on March 5, 2021 in Beijing, China. The annual political gatherings of the National Peoples Congress and the Chinese People's Political Consultative Conference, known …

China Targets Its Tech Giants with Anti-Monopoly Rules

China’s State Administration for Market Regulation (SAMR) released the final version of its new antitrust rules on Sunday, evidently concluding a debate within the Chinese Communist Party (CCP) over how China’s high-flying technology titans should be reined in. The final draft of the rules places heavy new restrictions on firms like Alibaba, but the rules are not as stifling as they could have been.

Alibaba

Report: China Pressuring Jack Ma to Surrender Alibaba’s Huge Trove of Consumer Data

Voice of America News (VOA) reported Monday that a theory about the curious disappearance of Chinese billionaire Jack Ma is growing in credibility among foreign observers: the true goal of the Chinese Communist Party (CCP) is pressuring Ma into handing over the vast trove of consumer credit data accumulated by his Alibaba e-commerce company and its titanic financial services offshoot, the Ant Group.

SEATTLE, WA - SEPTEMBER 23: Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.-China business roundtable, comprised of U.S. and Chinese CEOs on September 23, 2015, in Seattle, Washington. The Paulson Institute, in partnership with the China Council for the Promotion of International Trade, …

Chinese Media: Missing Billionaire Jack Ma Is ‘Embracing Supervision’

A few days after international media noticed that not only did Chinese tech tycoon Jack Ma lose much of his corporate empire and $12 billion of his net worth after criticizing the Communist Party in late October, but he also appears to have vanished from the face of the Earth, Hong Kong’s Asia Times Financial (ATF) reported Chinese state media are claiming Ma has “embraced supervision,” while Beijing’s army of Internet trolls denounces him as a greedy traitor.

Alibaba

China Launches Antitrust Probe of Tech Giant Alibaba

China’s State Administration for Market Regulation (SAMR), its top market regulation agency, announced the launch of an antitrust probe into tech giant Alibaba on Thursday. Outside observers saw the investigation as another element of the Communist elite nervously attempting to curtail the power of China’s richest man, Alibaba owner Jack Ma. 

This file photo taken on August 28, 2020 shows an employee working on a computer at the Alipay reception of the Shanghai office building of Ant Group in Shanghai. - China's Ant Group must postpone its record-breaking IPO, the Shanghai Stock Exchange said on November 3, as the fintech giant …

Jack Ma Urges Chinese to Have More Sex as Communists Face Population Collapse

Alibaba head and Chinese multimillionaire Jack Ma used remarks at his company’s annual mass wedding to encourage Chinese couples to have sex six times a week for “marathon” sessions, outlets reported on Tuesday, a message in tune with the Communist Party’s efforts to increase national fertility as the country faces a population death spiral.

Alibaba Group Founder and Executive Chairman Jack Ma gestures as he speaks during a session of the World Economic Forum (WEF) annual meeting on January 23, 2015 in Davos. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)