Markets

Traders are sharing memes and desperately searching for Jack Ma’s profile on Bloomberg’s terminal to try and work out where the Chinese billionaire is

Financial traders around the world are trying to get the scoop on Alibaba billionaire Jack Ma’s whereabouts, after media reports the tycoon hasn’t been seen in public for two months. Traders are using their access to the powerful Bloomberg Terminal, which shows real-time financial data, to check out his profile, […]
Traders are sharing memes and desperately searching for Jack Ma’s profile on Bloomberg’s terminal to try and work out where the Chinese billionaire is
Tech

As Jack Ma reportedly lays low, Chinese regulators are trying to push his fintech giant Ant Group to share consumer data with Beijing, according to the WSJ

China’s regulators are pushing for Jack Ma’s Ant Group to share its consumer data, the Wall Street Journal reported Tuesday. Officials and government advisors familiar with the matter told the Journal the regulators see Ant Group’s data collection as giving it an unfair competitive advantage over other lenders. Chinese regulators […]
As Jack Ma reportedly lays low, Chinese regulators are trying to push his fintech giant Ant Group to share consumer data with Beijing, according to the WSJ
Tech

Jack Ma, the billionaire founder of Alibaba, hasn’t been seen in two months after the Chinese government cracked down on his companies. Here’s a timeline of his fall from grace.

Chinese billionaire Jack Ma has not been seen in public since October. Ma, who founded Alibaba and Ant Group, clashed with Chinese regulators, who cracked down on his companies after he criticised China’s financial regulatory system. He was replaced on the final of a TV show where he was due […]
Jack Ma, the billionaire founder of Alibaba, hasn’t been seen in two months after the Chinese government cracked down on his companies. Here’s a timeline of his fall from grace.
Tech

Billionaire Jack Ma, who hasn’t been seen in 2 months, is reportedly ‘laying low.’ But other Chinese businessmen who have disappeared from the public after sparring with regulators have faced different fates.

Yahoo Finance reported Sunday that Jack Ma, the Chinese billionaire who founded Alibaba and Ant Group, hasn’t been seen publicly in more than two months. CNBC’s David Faber reported Tuesday morning Ma is being “less visible, purposefully,” but that the businessman hasn’t gone missing. Late last year, Chinese regulators launched […]
Billionaire Jack Ma, who hasn’t been seen in 2 months, is reportedly ‘laying low.’ But other Chinese businessmen who have disappeared from the public after sparring with regulators have faced different fates.
Tech

China reportedly demanded that big Chinese tech companies like Alibaba process stolen US data for the nation’s top spies upon request

China has demanded that the nation’s tech companies process stolen data for Chinese intelligence agencies upon request, according to a Wednesday report from Foreign Policy. The outlet spoke to 36 US officials who said the arrangement represents the “commercial wing” of the Communist Party. Authorities are able to view data […]
China reportedly demanded that big Chinese tech companies like Alibaba process stolen US data for the nation’s top spies upon request
Tech

Alibaba’s CEO said China’s new tech regulations are ‘timely and necessary’ as the nation aims to keep internet firms from growing into powerful monopolies

Alibaba CEO Daniel Zhang said Monday that China’s new regulations to prevent the formation of internet monopolies are “timely and necessary.” China announced new rules in early November that could tighten restrictions on tech companies, like Alibaba, including preventing them from sharing sensitive user data and from banding together to […]
Alibaba’s CEO said China’s new tech regulations are ‘timely and necessary’ as the nation aims to keep internet firms from growing into powerful monopolies
Markets

Ray Dalio’s hedge fund poured about half a billion dollars into Walmart, Alibaba, and Coca Cola, and dumped large positions in China-focused ETFs in the 3rd-quarter

Investing legend Ray Dalio’s hedge fund poured millions into Alibaba, Walmart, and Coca Cola, and sold some positions in Chinese equity ETFs in the third quarter this year. The billionaire also invested heavily in McDonald’s, Abbott Labs, Procter & Gamble, and Johnson & Johnson. While the fund’s largest withdrawal was […]
Ray Dalio’s hedge fund poured about half a billion dollars into Walmart, Alibaba, and Coca Cola, and dumped large positions in China-focused ETFs in the 3rd-quarter
Markets

Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout

Alibaba’s blowout Singles Day sales wasn’t enough to stem investor concerns of increased regulatory pressure as shares slid as much as 9% on Tuesday. The company’s extended Singles Day sales event registered more than $US56 billion in sales in its first 10 days and 30 minutes of the event, according […]
Alibaba slides 9% as regulatory pressure overshadows Singles Day blowout
Tech

Jack Ma hasn’t been seen in public since Ant Group’s IPO was pulled. Here’s how Chinese regulators slammed the brakes on the firm’s would-be record-breaking $37 billion IPO.

The Chinese fintech company Ant Group was ready to shatter records with a $US37 billion IPO on November 5, with a reported estimated valuation close to $US300 billion. The IPO was touted as the largest in history – projected to sweep past the world’s biggest banks – and it positioned […]
Jack Ma hasn’t been seen in public since Ant Group’s IPO was pulled. Here’s how Chinese regulators slammed the brakes on the firm’s would-be record-breaking $37 billion IPO.
Markets

Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids

Ant Group’s historic $US35 billion IPO is garnering unprecedented interest from retail investors in Shanghai and Hong Kong. Jack Ma’s financial services company took in more than $US3 trillion in orders from individual investors across its dual listings in Hong Kong and Shanghai. Roughly 19.1 trillion yuan (2.9 trillion) worth […]
Ant’s record-breaking IPO attracts $3 trillion in retail-investor bids
Tech

Jack Ma is set become the world’s 11th-richest person on Ant Group’s IPO, leapfrogging heirs to L’Oreal and Walmart with his $71.1 billion fortune

Alibaba Group co-founder Jack Ma is set to become the 11th-richest person in the world. Alibaba’s financial services company Ant Group plans to go public in November. Based on share pricing for the IPO, Ma’s fortune will jump to $US71.1 billion, moving him up six places on Bloomberg’s Billionaires Index. […]
Jack Ma is set become the world’s 11th-richest person on Ant Group’s IPO, leapfrogging heirs to L’Oreal and Walmart with his $71.1 billion fortune
Tech

Jack Ma reportedly dismissed global banking rules as being enforced by ‘an old people’s club’ as his fintech giant Ant Group gears up for its IPO this month

Chinese billionaire founder Jack Ma said the lawmakers that enforce global financial regulations are like “an old people’s club” and the existing rules aren’t well-suited for Chinese tech innovation. “We can’t use yesterday’s methods to regulate the future,” Ma said at a Shanghai conference according to The Financial Times. The […]
Jack Ma reportedly dismissed global banking rules as being enforced by ‘an old people’s club’ as his fintech giant Ant Group gears up for its IPO this month
Markets

Alibaba investment sparks 259% rally in Chinese delivery firm

YTO Express Holdings soared 259% on Wednesday after Alibaba increased its investment stake in the Chinese delivery firm by nearly $US1 billion. Alibaba increased its holding from 10.5% to 22.5% in YTO Express, which is one of China’s largest logistics-services providers. The parent company of YTO Express Holdings, YTO Express […]
Alibaba investment sparks 259% rally in Chinese delivery firm
Tech

China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.

Ant Group, an affiliate fintech company of Chinese retail behemoth Alibaba, has been gearing up to go public with an anticipated valuation of around $US300 billion. The company was formed in 2014 to run Alipay, a ubiquitous digital payment service used by millions of Chinese shoppers. Ant Group was initially […]
China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.
Markets

Here are the 11 largest IPOs of all time

The IPO market is slowly recovering after its coronavirus slump, but no recent deal stacks up to the record-breaking debuts of the 2010s. Seven of the top 11 IPOs took place in the 2010s, when unicorn startups and industry giants leveraged insatiable investor demand to rake in billions. Here are […]
Here are the 11 largest IPOs of all time
Tech

As China lifts its coronavirus lockdowns, authorities are using a colour-coded health system to dictate where citizens can go. Here’s how it works.

Provinces and cities across China are slowly lifting their strict coronavirus lockdown measures. Wuhan, where the coronavirus broke out, just lifted its lockdown. But as people resume their lives, local authorities are trying to prevent further spread by controlling citizens’ movements via smartphone software installed in WeChat and Alipay, two […]
As China lifts its coronavirus lockdowns, authorities are using a colour-coded health system to dictate where citizens can go. Here’s how it works.