Data produced by British-American financial analysis firm Refinitv on Wednesday found China’s leading tech companies lost about $1.1 trillion in market value during the Chinese Communist Party’s two-year regulatory crackdown on the industry.
China’s desperation to keep nervous international investors from giving up on its flagging economy prompted the regime to turn to its old adversary Jack Ma on Tuesday.
Jack Ma, the tech billionaire who co-founded Alibaba and was once considered the richest man in China, accepted a post at Tokyo College on Monday — effectively retiring to Japan only a few months after his ballyhooed return to China at the urging of the government that ruined and exiled him for criticizing the Chinese Communist Party.
China’s Alibaba Group announced on Tuesday that it will split up into six different units, a dramatic restructuring for the tech giant undertaken shortly after founder Jack Ma returned to China from a year of overseas exile.
Jack Ma, the once-flamboyant billionaire founder of tech giant Alibaba, re-appeared in China last week after spending over a year in exile.
Alibaba founder Jack Ma, once a flamboyant celebrity and the richest man in China until he criticized Chinese Communist Party economic policies, left his low-profile refuge in Japan this week to visit Thailand and learn about farming, fishing, and kickboxing. Chinese state media hinted over the weekend that Ma is being forced out of Alibaba’s parent company, the Ant Group, so he will have plenty of time to work on his hobbies.
The Financial Times revealed on Wednesday that Jack Ma, the formerly flamboyant billionaire founder of Internet giant Alibaba, has been living in apparently self-imposed exile in Japan for at least the past six months.
Chinese state media announced on Tuesday that a man “surnamed Ma” was arrested on suspicion of “colluding with outside forces” to “subvert the State and split the country.” Stock prices tumbled as investors worried the suspect could be Alibaba founder Jack Ma, who was China’s richest man until he dared to challenge Chinese Communist policies.
China’s state-run Global Times posted a glum report on Wednesday about China’s big “Double 11 shopping festival,” which “arrived in a low-profile and conservative manner” without “glamorous galas or eye-popping promotions” this year.
Fresh from beating the stuffing out of China’s high-tech billionaires to teach them who’s boss, dictator Xi Jinping is launching a regulatory crackdown on his banking industry to purge it of capitalist influences and tighten the Chinese Communist Party’s (CCP) grip on every coin.
Anonymous sources told Bloomberg on Friday that the Chinese Communist Party ordered billionaire Wang Xing, CEO of the country’s third-largest tech company Meituan, to stay out of the public eye after losing over $2.5 billion in a single month.
Chinese spies could be able to access “sensitive” information in Belgium through investments made into the Liège Airport by the Jack Ma-owned e-commerce giant Alibaba, the country’s justice minister admitted this week.
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.
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.
An organ of the Chinese Communist Party (CCP) on Friday recommended punishing companies using the “996” labor policy commonly associated with billionaire Jack Ma, who fell out of favor with the CCP last fall.
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.
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.
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.
Billionaire Jack Ma, once hailed as China’s richest man, reappeared in public Wednesday for the first time since he criticized the Chinese Communist Party (CCP) at an event in Shanghai on October 24.
Two important cases illustrate the black-box opaqueness of the People’s Republic of China: the disappearance of billionaire Jack Ma and the origin of Covid-19.
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.
Ma is laying low in an attempt to convince China’s government that he is not a threat.
Foreign media outlets began noticing over the weekend that Alibaba tycoon Jack Ma, formerly China’s richest man, has not made any public statements about Chinese regulators dismantling his vast corporate empire.
The Chinese government on Monday ordered billionaire Jack Ma to break up his financial services empire, reducing his Ant Group down to its “origins” as a payment services provider.
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.
The Wall Street Journal on Thursday quoted Chinese officials who said dictator Xi Jinping personally intervened to block the $37 billion IPO for Ant Group, the online finance company established by China’s richest man, Jack Ma.
Jack Ma, founder of e-commerce giant Alibaba, is living proof of the maxim there is “money in misery.” The internet entrepreneur has watched as his status as China’s richest tycoon soared in 2020 on the back of demand for online shopping and services during the coronavirus pandemic.
Zhong Shanshan, a bottled water and vaccine tycoon, became China’s richest person on Wednesday when his net worth reached $58.7 billion.
On Saturday, Andrew Cuomo thanked the Chinese government for facilitating a donation of 1,000 ventilators to the Empire State.
Pop superstar Taylor Swift is cozying up to some of China’s biggest power players by agreeing to perform at an Alibaba promotional event for Singles’ Day, the country’s biggest shopping day.
Tesla CEO Elon Musk commented that “China is the future” at the 2019 World Artificial Intelligence Conference in Shanghai on Thursday.
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.
The most popular app on the Chinese version of Apple’s app store is currently “Study to Make China Strong,” a program that spits out nuggets of Communist Party propaganda.
Monday’s revelation that Jack Ma, the richest businessman in China, is a card-carrying member of the Communist Party of China (CPC) scandalized the business world. China’s state-run Global Times insisted on Tuesday that membership in the Communist Party is no obstacle to vigorous capitalism.
Chinese government officials and business leaders called for global cooperation to advance artificial intelligence (AI) at the World Artificial Intelligence Conference in Shanghai, China, on Monday.
As his half-trillion dollar corporation prepares to dive headfirst into the age of artificial employees, Alibaba founder Jack Ma would appreciate it if the millions of potentially displaced workers around the world would set aside what he called “empty worries” about robots.
Peter Schweizer, Breitbart News’s senior editor-at-large and head of the Government Accountability Institute, discussed the state of healthcare reform and the growing presence of Chinese billionaire Jack Ma in Washington on Thursday’s Breitbart News Daily with SiriusXM host Alex Marlow.
Alibaba founder and chairman Jack Ma claimed this weekend that a robot “will likely be on the cover of Time Magazine as the best CEO,” in 30 years.
Alibaba, the massive Chinese online retailer that competes with Amazon, wants to expand in the United States.
President Obama secretly met with Jack Ma, China’s richest man, yesterday, in a private event that was not on the president’s schedule.
