Once revered in China as one of the country's top businessmen, Jack Ma seems to have found himself on the outs with the government of Xi Jinping. The Alibaba co-founder finds his businesses are facing regulatory crackdowns following a speech in which he criticized China's regulators and banks. A consequence of this: A canceled IPO for Ant Group which would have been one of the world's largest. Now Ma must navigate his way back into the good graces of the Chinese government.
Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List …
GUANGZHOU, China — Jack Ma, Alibaba's high-profile founder appears to be on the wrong side of the Chinese government, after comments he made were met …
Jack Ma, the billionaire founder of fintech giant Ant Group Co. Ltd., appears to have paid an extremely high price for challenging China's financial …
Jack Ma, as everyone knows, has had a serious falling-out with Chinese President Xi Jinping’s government. But global investors still can’t get enough …
Alibaba continues to expand its offline retail footprint, with more than 80% stake in Sun Art Retail Group and 18% in Lianhua Supermarket Alibaba owns …
Jack Ma is one of the world's most successful business people. And, until recently, he was also quite talkative. The founder of China's giant company Alibaba often turned up in interviews or at conferences. In 2017, he spoke at the World Economic Forum. "Every day is uncertain. The only certain day …
The Alibaba chief paid for pushing back against Beijing. But the shift in attitude also speaks to a growing wealth gap and diminished opportunities for the young. In China, Jack Ma is synonymous with success. The English teacher turned internet entrepreneur is the country’s richest person. He …
Alibaba and Ant co-founder Jack Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire. China’s most recognizable entrepreneur addressed scores of teachers on an online conference …
Jack Ma, the founder of Chinese e-commerce giant Alibaba Group, has been spotted in public for the first time in months following rumors that he’d run afoul of Chinese authorities. The billionaire was seen golfing at Sun Valley Golf Resort on the island of Hainan recently, Bloomberg reported. A …
Ant Group, the financial-services company founded and controlled Jack Ma, plans to restructure itself after demands from Chinese officials who have turned on his business empire, The Wall Street Journal reported. People familiar with the matter told the Journal that Ant Group plans to turn itself …
In 2014, a group of university students in Beijing founded Ofo, a bike-sharing startup that let customers scan QR codes to rent bikes for short rides …
Sign up for Next China, a weekly email on where the nation stands now and where it's going next. Jack Ma was conspicuously absent from a list of …
After two decades at the helm, founder and chief executive Jack Ma stepped down, forcing the Chinese e-commerce giant to face an uncertain future. What Alibaba plans to do next and why it has turned to the architect of its Singles' Day campaign to lead it in its battle against Amazon.
