Strategy

I was a VP at Alibaba during the SARS crisis in 2003. Here’s what Jack Ma did to unite our team, accelerate revenue, and launch a new business amid the uncertainty of a pandemic.

Porter Erisman was working in China as vice president of the Alibaba Group in 2003 when the SARS pandemic struck, and he and 400 colleagues were quarantined at home. But instead of being paralysed by fear and panic, Alibaba thrived during the SARS crisis: Their team became more united, revenues […]
I was a VP at Alibaba during the SARS crisis in 2003. Here’s what Jack Ma did to unite our team, accelerate revenue, and launch a new business amid the uncertainty of a pandemic.
Markets

A Hong Kong stock just plunged 76% in 30 minutes

Another Hong Kong stock just plunged, shedding 76% of its value in 30 minutes of trading. China First Capital Group, an investment group that focuses on educational services across China and Singapore, plummeted a total of 78% on Wednesday before trading was suspended at 11:15 a.m. local time. CFCG’s fall […]
A Hong Kong stock just plunged 76% in 30 minutes
Markets

Alibaba soars more than 6% on Hong Kong debut

Shares in Alibaba surged more than 6% on their first day of trading in Hong Kong. The Chinese e-commerce giant raised $US11.3 billion after issuing 500 million ordinary shares and 75 million “greenshoe” options, marking the largest listing of 2019. One analyst said the listing was “a boost to Hong […]
Alibaba soars more than 6% on Hong Kong debut
Markets

‘The last person I felt this with was Jack Ma’ — SoftBank’s Masayoshi Son reportedly compared WeWork’s Adam Neumann to Alibaba’s founder

SoftBank CEO Masayoshi Son reportedly told WeWork’s cofounder and former boss Adam Neumann that he reminded him of Alibaba’s founder, the driving force behind Son’s most successful investment ever. “The last person I felt this with was Jack Ma,” Neumann recalled Son saying to him before WeWork’s IPO collapsed, Neumann […]
‘The last person I felt this with was Jack Ma’ — SoftBank’s Masayoshi Son reportedly compared WeWork’s Adam Neumann to Alibaba’s founder
News

Alibaba’s Singles Day beat Amazon’s estimated Prime Day sales within an hour and crushed analyst estimates for Black Friday and Cyber Monday combined

As Alibaba reaches the conclusion of Singles Day, its 24-hour shopping extravaganza held each year on November 11, the e-commerce giant has already crushed comparable US shopping events, including Black Friday, Cyber Monday, and Amazon’s Prime Day. Alibaba said that in its first hour, it generated an estimated $US13 billion […]
Alibaba’s Singles Day beat Amazon’s estimated Prime Day sales within an hour and crushed analyst estimates for Black Friday and Cyber Monday combined
News

Chinese e-commerce giant Alibaba has a hotel run almost entirely by robots that can serve food and fetch toiletries — take a look inside

Alibaba Group, the Chinese e-commerce conglomerate, opened a high-tech “hotel of the future” in Hangzhou, China, earlier this year. The hotel allows guests to manage reservations and make payments entirely from a mobile app and enter rooms using facial-recognition technology rather than a traditional key card. Robots created by Alibaba’s […]
Chinese e-commerce giant Alibaba has a hotel run almost entirely by robots that can serve food and fetch toiletries — take a look inside
Lifestyle

Alibaba cofounder Jack Ma — the richest man in China — once starred in a kung fu movie his company produced. Here are 6 of his most extravagant moments.

Recently retired Alibaba chairman Jack Ma is “the most flamboyant tech founder on the planet,” Business Insider’s Sinead Baker recently wrote. Under his leadership, Alibaba grew from a 17-person company operating out of Ma’s apartment to a $US460 billion empire. But it wasn’t just business for Ma. In his 20 […]
Alibaba cofounder Jack Ma — the richest man in China — once starred in a kung fu movie his company produced. Here are 6 of his most extravagant moments.
Lifestyle

Meet Daniel Zhang, the workaholic who’s succeeding Jack Ma as Alibaba’s chairman and keeps such a low profile that he was once mistaken for a janitor in the company’s headquarters

AlibabaCEO Daniel Zhang took over as the company’s executive chairman after cofounder Jack Ma retired on September 10, 2019. Zhang keeps such a low profile that the parents of an Alibaba employee once saw him in Alibaba’s Hangzhou headquarters and mistook him for a janitor, Bloomberg reported. As Alibaba’s new […]
Meet Daniel Zhang, the workaholic who’s succeeding Jack Ma as Alibaba’s chairman and keeps such a low profile that he was once mistaken for a janitor in the company’s headquarters
Lifestyle

Inside Jack Ma’s 60,000-person retirement party, which was held in an Olympic stadium and featured employee performances that made Ma cry

Alibaba threw its cofounder and outgoing chairman Jack Ma a four-hour, 60,000-person going away party at the Hangzhou Olympic Sports Centre, the Wall Street Journal reported. Ma has a reputation for being extravagant, Business Insider previously reported. The former chairman will be replaced by CEO Daniel Zhang and previously said […]
Inside Jack Ma’s 60,000-person retirement party, which was held in an Olympic stadium and featured employee performances that made Ma cry
Lifestyle

The CEO of the Brooklyn Nets and Barclays Centre is resigning — and the news comes less than 2 months after Alibaba billionaire Jospeh Tsai bought both in a record $2.35 billion deal

David Levy, the CEO of the Brooklyn Nets and Barclays Centre, is unexpectedly “parting ways” with the organisation after less than two months, J Tsai Sports said in a press release emailed to Business Insider Tuesday. Levy’s replacement, Oliver Weisberg, suggested in a statement that Levy did not mesh well […]
The CEO of the Brooklyn Nets and Barclays Centre is resigning — and the news comes less than 2 months after Alibaba billionaire Jospeh Tsai bought both in a record $2.35 billion deal
Markets

SoftBank smashed profit forecasts ahead of its $100 billion fund launch

SoftBank smashed earnings forecasts as its net profits more than tripled in the first quarter. The Japanese tech titan’s gains were linked to sales of Alibaba shares. SoftBank is preparing to launch its $US100 billion investment fund, and seeking to raise cash from investors including Microsoft, Apple, and Japanese financial […]
SoftBank smashed profit forecasts ahead of its $100 billion fund launch
News

Chinese e-commerce giant Alibaba is coming to the US in a major way

Alibaba is cozying up to US business owners by rolling out expanded digital tools to help build e-commerce storefronts on the platform and develop targeted marketing to potential customers. The Chinese e-commerce juggernaut also announced a collaboration with Robinson Fresh – a US supplier that works with brands like Tropicana, […]
Chinese e-commerce giant Alibaba is coming to the US in a major way
News

Aussie swimmer Mack Horton’s protest against Chinese rival and accused drug cheat Sun Yang could get super awkward for Gina Rinehart

Australian Mack Horton has sparked controversy at the swimming world championships in Korea, refusing to stand on the podium alongside Chinese opponent and accused drug cheat Sun Yang. Sun responded that Horton is guilty of “disrespecting China”, while the national manager of China’s swimming team has previously criticised the Aussie […]
Aussie swimmer Mack Horton’s protest against Chinese rival and accused drug cheat Sun Yang could get super awkward for Gina Rinehart
Markets

Alibaba beats as its user base sees big growth

Alibaba‘s fourth-quarter results beat on both the top and bottom lines. Full-year revenue guidance fell a bit short of expectations. Shares were up about 1% ahead of Wednesday’s opening bell. Watch Alibaba trade live. Alibaba on Wednesday morning posted fourth-qarter results that topped Wall Street estimates, but gave disappointing full-year […]
Alibaba beats as its user base sees big growth
Strategy

While CEOs like Jack Ma and Elon Musk praise gruelling job schedules, employees around the world are demanding shorter workweeks

Jack Ma recently advocated for China’s “996” workweek, amid protests from employees criticising the schedule. While Ma and other tech CEOs like Elon Musk and Jeff Bezos advocate for working longer hours, research finds that excessive overtime endangers employees and does not make them more productive. Visit BusinessInsider.com for more […]
While CEOs like Jack Ma and Elon Musk praise gruelling job schedules, employees around the world are demanding shorter workweeks
News

Alibaba’s opening an online store with Office Depot, as the 2 companies work to beat out Amazon as a ‘trusted, friendly’ option for American small businesses

Office Depot and Alibaba are launching an online store aimed at American small business owners, as well as collaborating on revamped B2B services. The companies hope to win over American business owners with the convenience of a one stop shop, melding Alibaba’s global platform with Office Depot’s US experience. “I […]
Alibaba’s opening an online store with Office Depot, as the 2 companies work to beat out Amazon as a ‘trusted, friendly’ option for American small businesses
Markets

Office Depot is surging after announcing its teaming up with Alibaba

Alibaba and Office Depot on Monday announced a strategic collaboration. The collaboration will leverage Office Depot ‘s relationships with more than 10 million US business customers and Alibaba’s global network of over 150,000 suppliers. Their goal is to empower US small- and medium-sized businesses to grow by tapping into the […]
Office Depot is surging after announcing its teaming up with Alibaba
Markets

Here are George Soros’ biggest investments

Legendary investor George Soros’ investment fund on Thursday disclosed its holdings of publicly traded companies at the end of the fourth quarter. Soros exited holdings of some big tech names, including Microsoft, Apple, and Alibaba. The firm also trimmed its stakes in entertainment-related investments. Below are Soros’ most valuable investments […]
Here are George Soros’ biggest investments
News

Jack Ma is officially a Communist

Creator of e-commerce giant Alibaba Group, and China’s wealthiest person alive has been outed by Chinese media as a member of China’s Communist Party. Speculation about Ma’s ties to the Chinese government have long been discussed, though he has often kept his distance from Beijing in his public comments. On […]
Jack Ma is officially a Communist
News

Alibaba’s straining to continue its era of record-breaking Singles’ Day sales — here’s how executives plan to keep growing

Alibaba broke e-commerce records yet again on Singles Day 2018, with customers spending $US30.8 billion over the course of the company’s 24-hour shopping bonanza. However, growth slowed compared to years past, revealing the pressure Alibaba is under to continue to post skyrocketing Singles Day sales. Alibaba executives are relying on […]
Alibaba’s straining to continue its era of record-breaking Singles’ Day sales — here’s how executives plan to keep growing
News

We went to Alibaba’s 24-hour shopping extravaganza that is like nothing in America, featuring a Mariah Carey performance and an online-shopping-themed Cirque du Soleil act. Here’s what it reveals about the future of retail.

Alibaba’sSingles Day is a massive, 24-hour shopping extravaganza unlike anything else in the world. In 2018, the event kicked off with a four-hour gala featuring numerous celebrities, including the model Miranda Kerr and the singer Mariah Carey. The gala is just one way that Alibaba brings drama to online shopping. […]
We went to Alibaba’s 24-hour shopping extravaganza that is like nothing in America, featuring a Mariah Carey performance and an online-shopping-themed Cirque du Soleil act. Here’s what it reveals about the future of retail.
Markets

The hot Australian brands at Alibaba’s Single’s Day shopping frenzy

Alibaba Group generated RMB213.5 Billion ($A42 billion) of sales during the 2018 Single’s Day sale. Australian brand Swisse ranked number one imported brand. Sales of Australian lamb increased 775%. Australian brands Swisse and Bio Island, both with vitamin supplement products, ranked in the top 10 imported products sold during Alibaba’s […]
The hot Australian brands at Alibaba’s Single’s Day shopping frenzy
News

Alibaba just had the biggest online shopping day of all time, nearly tripling every company’s 2017 Black Friday and Cyber Monday sales combined

Alibaba made e-commerce history on Sunday, with $US30.8 billion in sales over the last 24 hours as part of the company’s massive Singles’ Day celebration. The $US30.8 billion in generated sales is a significant increase from 2017, when customers spent $US25.3 billion. For comparison, total online sales on Black Friday […]
Alibaba just had the biggest online shopping day of all time, nearly tripling every company’s 2017 Black Friday and Cyber Monday sales combined
Markets

Alibaba slides after its chairman announces he’ll step down in a year

Alibaba shares dropped after the company announced that Jack Ma, its co-founder and executive chairman, will step down in a year. CEO Daniel Zhang will succeed Ma, who will remain a permanent member of the Alibaba Partnership after retirement. Jefferies analysts said the 12-month timeframe would enable a smooth transition […]
Alibaba slides after its chairman announces he’ll step down in a year
Markets

Alibaba chairman Jack Ma announces plans to retire, unveils succession plan

The founder of Chinese online retailing giant Alibaba, Jack Ma, will step down as Chairman on September 10, 2019. Ma will be succeeded by Daniel Zhang, Alibaba’s current CEO. Ma wrote a letter to customers and shareholders explaining his decision. Chinese online retailing giant Alibaba has announced that founder Jack […]
Alibaba chairman Jack Ma announces plans to retire, unveils succession plan
Markets

Alibaba is investing big bucks in a popular Chinese food-delivery service

Alibaba raised $US3 billion to further invest in popular Chinese food-delivery service Ele.me. The e-commerce giant announced earlier this month that Ele.me will start delivering Starbucks to customers beginning in September. Investments in Ele.me may weigh on Alibaba’s bottom line but will increase top line results, said a team of […]
Alibaba is investing big bucks in a popular Chinese food-delivery service
Markets

Alibaba revenue soars 61%, topping the FAANG + BAT group

Alibaba has reported that revenue surged 61% year-over-year in the company’s first quarter, boosted by its core e-commerce and cloud-computing segments. Its revenue growth was the strongest of the so-called FAANG + BAT group. Net income attributable to shareholders took a one-time hit because of the increased valuation of Ant […]
Alibaba revenue soars 61%, topping the FAANG + BAT group
Markets

The world’s largest hedge fund loads up on Alibaba

Bridgewater Associates, the world’s largest hedge fund that oversees $US150 billion in assets under management, bought $US15.7 million worth of Alibaba shares during the second quarter, regulatory filings show. Alibaba is one of the stocks included in the “FAANG+BAT” basket. Watch Alibaba trade in real time here. Bridgewater Associates, the […]
The world’s largest hedge fund loads up on Alibaba
Markets

Bubs Australia shares jump on news it’s done a deal with Alibaba

Shares in Bubs Australia jumped after the infant formula maker announced a Merchant Service Agreement with Alibaba, the largest e-commerce platform in China, for a Flagship Store on Tmall Global. A short time ago, they were 5% higher at $0.84, up from a low of $0.73 this month. “Alibaba is […]
Bubs Australia shares jump on news it’s done a deal with Alibaba
Lifestyle

Alibaba’s futuristic supermarket in China is way ahead of the US, with 30-minute deliveries and facial-recognition payment — and it shows where Amazon is likely to take Whole Foods

The Chinese tech giant Alibaba is expanding aggressively into physical retail through investments in a variety of product categories to push its “New Retail” strategy of combining online and offline shopping. Its most critical New Retail venture has been Hema Xiansheng, a futuristic supermarket launched in 2015 that offers free […]
Alibaba’s futuristic supermarket in China is way ahead of the US, with 30-minute deliveries and facial-recognition payment  —  and it shows where Amazon is likely to take Whole Foods
Markets

Alibaba beats and says it expects sales to surge next year

Alibaba beat on both the top and bottom lines. Revenue from its cloud-computing unit spiked 103% versus a year ago. Watch Alibaba trade in real time here. Alibaba on Friday reported fiscal-fourth-quarter earnings that were better than analysts had expected. China’s largest e-commerce company reported adjusted earnings per share of […]
Alibaba beats and says it expects sales to surge next year
Markets

Alibaba is getting whacked as fears of a trade war heat up

Stocks of US-listed Chinese companies slumped on Wednesday, with Alibaba down more than 4% in pre-trading. Other Chinese stocks also suffered. JD.com, another Chinese retailer listed in the US, was down more than 3%. Chinese internet company NetEase is down 2.8%, while online retailer Baozun was down more than 5%. […]
Alibaba is getting whacked as fears of a trade war heat up
Strategy

Some tech startups in China are hiring women who are taller than 5’2” and wear makeup to socialise with male programmers and give them massages

The New York Times reports that Chinese startups are hiring women to be “programming motivators.” The job requirements include socialising with male workers and giving them massages, and employees are chosen based on their physical attributes. The practice has drawn criticism in a country where beliefs about gender roles are […]
Some tech startups in China are hiring women who are taller than 5’2” and wear makeup to socialise with male programmers and give them massages
News

The 10 most valuable retail brands in the world

Brand Finance, a brand consultancy firm, released their most recent ranking of the most valuable retail brands in the world in 2018. The firm looks at marketing investment, stakeholder investment, and business performance to help it measure how much each brand contributes to the company. Amazon took the top spot […]
The 10 most valuable retail brands in the world
News

A Kroger-Alibaba deal could thwart Amazon’s Whole Foods ambitions

Kroger is in talks with Alibaba over a potential partnership, a source with knowledge of the situation told Business Insider. Alibaba could be lobbying to get Kroger to accept Alipay, its online payment system. Kroger could also be consulting with Alibaba for ways it can market and sell its products […]
A Kroger-Alibaba deal could thwart Amazon’s Whole Foods ambitions
Markets

Kroger is rising on reports that it might team up with Alibaba

Kroger is in talks to partner with Alibaba. Shares of the company popped after the news. Watch Kroger’s share price move in real time here. Kroger, the biggest US grocery chain by sales, is discussing a collaboration with Alibaba in a move to fight back against Amazon, according to a […]
Kroger is rising on reports that it might team up with Alibaba
News

China isn’t taking Alibaba’s latest rejection very well

The US will not allow Alibaba purchase US money transfer company, MoneyGram, and China’s not happy about it. This spat kicks off what could be a contentious few months for US-China economic relations. In the coming months, The White House has to make a bunch of decisions about tariffs on […]
China isn’t taking Alibaba’s latest rejection very well
Markets

GOLDMAN SACHS: 4 big tech companies will own 65% of the cloud market

Amazon, Microsoft, Google, and Alibaba will hold the lion’s share of the cloud market, according to Goldman Sachs analyst Heather Bellini. She sees massive consolidation in the cloud market with companies that are highly differentiated and can invest a significant amount of money upfront as being on top. Check out […]
GOLDMAN SACHS: 4 big tech companies will own 65% of the cloud market