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“# China releases final anti-monopoly rules targeting major tech and payments firms ” China has finalized new guidelines to aid in antitrust battle against tech giants. On Feb. 7, the State Administration for Market Regulation released finalized rules for its anti-monopoly push against e-commerce and payments giants like Alibaba, Ant Group and Tencent. The guidance specifically…
“#Ant Group reportedly reaches deal with regulators on restructuring” Ant Group has agreed on a restructuring plan with Chinese regulators under which the fintech giant will become a financial holding company, a person with direct knowledge of the matter said, potentially easing founder Jack Ma’s regulatory woes. The plan calls for putting all of Ant’s…
“# Report: Ant Group to overhaul structure per agreement with China authorities ” Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status. According to a Feb. 3 report by Bloomberg, Chinese regulators have agreed on a restructuring plan that will turn Jack…
“#Jack Ma snubbed by Chinese newspaper from business leaders list” Billionaire Jack Ma still appears to be on the outs with Beijing. The Alibaba Group founder — who made international headlines last month when he vanished from the public eye after running afoul of the Chinese government — was left off a list of Chinese…
“#Alibaba stock surges after founder Jack Ma resurfaces” Jack is back — and investors are relieved. Chinese e-commerce giant Alibaba’s stock price surged Wednesday after billionaire founder Jack Ma made his first public appearance in nearly three months. Alibaba’s US-listed shares jumped 6.8 percent in premarket trading to $268.81 as of 7:03 a.m. after Ma…
“# Jack Ma resurfaces in new video after an almost 3-month ‘disappearance’ ” Jack Ma, the founder of Chinese e-commerce group Alibaba, has made his first public appearance since October, bringing almost three months of intense speculation about his possible whereabouts to a close. In a new video clip published online on Jan. 20, Ma was reportedly…
“#Chinese billionaire Jack Ma seen on video after disappearance” Chinese billionaire Jack Ma appeared on video publicly Wednesday for the first time in months, and is reportedly laying low after the lengthy disappearance. Ma’s appearance came at a virtual social welfare event called the “Jack Ma Rural Teachers Awards,” according to the Chinese state-affiliated newspaper…
“#Who is Alibaba’s Jack Ma? Where he came from and disappeared to” For years, nobody flew higher in China than Jack Ma, the pixie-faced founder of the $500 billion powerhouse e-commerce conglomerate Alibaba, the Amazon of Asia. Now he’s vanished and no one knows where he is. Ma, a member of the Communist Party who…
“# Trump bans Chinese payment apps, including AliPay and WeChat Pay ” With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House’s…
“#Jack Ma mystery continues as CNBC reports he’s just laying low” The mystery over Jack Ma’s whereabouts continued on Tuesday with a new report claiming that the tech billionaire understands that he “ran afoul” of the government in China and is choosing to stay out of the spotlight as a result. “He’s not showing up,…