Posts filtered by tags: Jack Ma[x]


 

How Insider VC reporter Candy Cheng lands big startup scoops while juggling life as a toddler mom

Insider reporter Candy Cheng. David Paul Morris/Getty Images Insider is taking you behind the scenes of our best stories with our series The Inside Story. This week we're spotlighting Insider startup and venture-capital reporter Candy Cheng. Cheng is a TV veteran who produced shows for Bloomberg and CNBC before joining Insider. You can read Cheng's reporting for Insider here. See more stories on Insider's business page. You've followed the tech and startup world for a long ...
Tags: South Korea, China, US, Trends, Bloomberg, Venture Capital, Tencent, Miami, Airbnb, Jack Ma, Cnbc, Start-ups, Cheng, Edward R Murrow, Keith Rabois, Alexei Oreskovic


10 things in tech you need to know today

Amazon CEO Jeff Bezos. Drew Angerer/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Let's get started.1. The hackers who attacked a major US pipeline say they're just in it for the money, not for political reasons. The FBI confirmed on Monday that the hacking group known as DarkSide was behind the attack. Read more about it here.2. The National Transportation Safety Board (NTSB) said Autopilot can't have been turned on in a...
Tags: Apple, Amazon, Facebook, Uber, Elon Musk, China, US, Newsletter, Trends, Tech, Tesla, Walmart, Read, Fbi, Mexico City, Travis Kalanick


Jack Ma reportedly made a surprise visit to Ant Group's headquarters in one of his few public appearances since China pulled the firm's $35 billion IPO

Jack Ma in 2018. Valery Sharifulin\TASS via Getty Images Jack Ma made a rare appearance at Ant Group's headquarters, Reuters reports. His visit would be one of the few he's made since China pulled Ant's $35 billion IPO. Ma was reportedly seen on a campus shuttle bus and was smiling. See more stories on Insider's business page. Jack Ma visited Ant Group's headquarters in Hangzhou, China, according to Reuters.The visit was during the fintech company's annual "Ali Day"...
Tags: Google, News, China, Trends, Xi Jinping, Alibaba, Retail, Party, Jack Ma, Communist Party, Reuters, Ma, TASS, US China, HANGZHOU China, Amazon Microsoft


Jack Ma Makes Rare Visit to Alibaba Headquarters in Hangzhou

BEIJING (Reuters) - Alibaba founder Jack Ma, largely out of public view amid a regulatory clampdown on the group, made a rare visit to its Hangzhou...
Tags: Beijing, Jack Ma, Hangzhou, Reuters Alibaba, Alibaba Headquarters


Billionaire Jack Ma reportedly might give up his stake in Ant Group after sparring with regulators - but other Chinese businessmen who disagreed with lawmakers have faced harsher fates

Jack Ma, billionaire founder of Alibaba. REUTERS/Lucas Jackson Jack Ma may give up his Ant Group stake after making negative comments about Chinese regulation. CNBC's David Faber reported in January that Ma has been "less visible, purposefully." Businessmen like Ren Zhiqiang and Xiao Jianhua disappeared after criticizing Chinese regulators. Visit Business Insider's homepage for more stories. The Chinese billionaire and Alibaba founder Jack Ma might give up his stake in Ant Gro...
Tags: Google, Ecommerce, Hong Kong, News, Vladimir Putin, France, China, Trends, Tech, Bbc, Beijing, New York Times, Alibaba, The Guardian, Guardian, Jack Ma


Fidelity cuts Ant Group's valuation in half to $144 billion after regulatory crackdown in China

Jack Ma, executive chairman of the Alibaba Group. Mark Schiefelbein/AP Photo Fidelity cut Ant Group's implied valuation to $144 billion from $300 billion, according to regulatory filings.The decline in valuation comes after China imposed a regulatory crackdown on the fintech giant.Fidelity initially invested in Ant Group in June 2018 at a $150 billion valuation.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.China's regulatory crackdown of Ant Group in recen...
Tags: China, Ipo, US, Trends, Alibaba, Fidelity, Alipay, Jack Ma, Ma, People s Bank of China, T Rowe Price, Matthew Fox, Ant Group, Alibaba Group Mark Schiefelbein AP Photo Fidelity, Wall Street Journal Fidelity, IPO BlackRock


S&P 500 hits new record as investors weigh strong GDP data and mega-cap tech earnings

The Federal Reserve in Washington Reuters US stocks traded higher Thursday on strong first quarter GDP figures that showed a near-full recovery. Economic growth was boosted by a trifecta of massive stimulus, vaccine rollouts, and an accelerated reopening. US shares were also lifted by blockbuster earnings from tech giants Apple and Facebook. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks traded higher on Thursday, with the S&P 500 notching a new record...
Tags: Apple, Facebook, US, Trends, Bloomberg, Joe Biden, Asia Pacific, Goldman Sachs, Zomato, Federal Reserve, Goldman, Jack Ma, Dow Jones, FOMC, Fed, U S Treasury


Indian food-delivery startup Zomato files for a $1.1 billion IPO as the country battles a catastrophic wave of COVID-19 infections

A policeman checks order details from a Zomato delivery agent in Mumbai, India during a nationwide lockdown due to the COVID-19 pandemic. Anshuman Poyrekar/Hindustan Times via Getty Images Ant-backed Indian startup Zomato has filed for an IPO that could raise as much as $1.1 billion. The food-delivery group's listing could be India's biggest this year amidst a crushing pandemic. Zomato plans to issue 90% of new shares, while its major shareholder will offer the rest. Sign up here f...
Tags: Uber, UK, India, US, Trends, Zomato, Jack Ma, Deepinder Goyal, Mumbai India, Securities and Exchange Board of India, Pankaj Chaddah, Ant Group, Shalini Nagarajan, Anshuman Poyrekar Hindustan Times, Getty Images Ant, Info Edge India


China Investigates Ant Group's IPO Approval Process: WSJ

(Reuters) - China is investigating how Ant Group founder Jack Ma got speedy approvals for the company's stock listing last year, the Wall Street...
Tags: Jack Ma, Reuters China, Ant Group, China Investigates Ant Group


Explainer: What's Next for Jack Ma's Ant Group After China Orders Revamp?

By Kane WuHONG KONG (Reuters) - China has imposed a sweeping restructuring plan on Jack Ma's Ant Group, the fintech conglomerate whose record $37...
Tags: Jack Ma, Ant Group, Kane WuHONG KONG Reuters China


Embattled Chinese billionaire Jack Ma may divest his Ant Group stake and give up control, reports say

Jack Ma. Wang HE/Getty Images Jack Ma, founder of Ant Group, reportedly may give up his stake in the company, Reuters reported. Ma's tech empire came under increased scrutiny in the wake of his public comments on regulations. Ant Group executives and Chinese regulators are seeking a way forward for the tech giant. See more stories on Insider's business page. Chinese billionaire Jack Ma, the founder of Ant Group, reportedly may give up his stake in the company, Reuters reported. Th...
Tags: Vladimir Putin, China, Ipo, International, Trends, Xi Jinping, Alibaba Group, Jack Ma, Financial Times, Reuters, Ma, Tech Insider, Ant Group, Kevin Shalvey, Weekend BI UK, InsiderAsia


EXCLUSIVE China's Ant explores ways for Jack Ma to exit

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as...
Tags: China, Jack Ma, Ant Group


Exclusive: China's Ant Explores Ways for Jack Ma to Exit as Beijing Piles Pressure - Sources

By Julie ZhuHONG KONG (Reuters) - Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give...
Tags: China, Beijing, Jack Ma, Julie ZhuHONG, Reuters Ant Group


After Alibaba’s Record Penalty Regulatory Doubts Haunt China’s Media Tech Sector

News over the weekend of a record breaking $2.8 billion fine for Chinese tech giant Alibaba produced a huge relief rally. The company’s value surged by more than $30 billion in Monday stock trading. But continuing share market volatility suggests that there is ongoing worry about further regulation and the path forward for China’s media […]
Tags: Asia, News, Finance, China, Global, Alibaba, Tencent, Jack Ma


Jack Ma showed up at a videoconference with Putin in his first public appearance since China cracked down on him and fined his company

Jack Ma in a video conference with Russian President Vladimir Putin. Media Asia SYHP/Weibo Jack Ma has made his first public appearance since China fined Alibaba, the tech company he founded. He joined Vladimir Putin on video at a Wednesday meeeting of the Russian Geographical Society. Ma has kept a low profile since China cracked down on his companies. See more stories on Insider's business page. The Chinese billionaire Jack Ma has made his first public appearance since China cracked ...
Tags: Asia, Politics, Putin, Vladimir Putin, China, Trends, Speed, News UK, Alibaba, Jack Ma, Ma, Tech Insider, Russian Geographical Society, Sinead Baker, Ant Group, Ant Group IPO Ant Group


Jack Ma showed up at a video conference with Putin in his first public appearance since China cracked down on him and fined his company

Jack Ma appearing in a video conference with Russian President Vladimir Putin. Media Asia SYHP/Weibo Jack Ma made his first public appearance since China fined Alibaba, the tech company he founded. He was at a video meeting of the Russian Geographical Society with Vladimir Putin on Wednesday. Ma has kept a low profile since China cracked down on his companies. See more stories on Insider's business page. The Chinese billionaire Jack Ma has made his first public appearance since China c...
Tags: Asia, Politics, Putin, Vladimir Putin, China, Trends, Speed, News UK, Alibaba, Jack Ma, Ma, Tech Insider, Russian Geographical Society, Sinead Baker, Ant Group, Ant Group IPO Ant Group


Harvard Pedigrees Opened the Door to World’s Biggest SPAC Deal

(Bloomberg) -- A few years after launching Grab Holdings Inc. in 2012, Anthony Tan got a piece of advice from Jack Ma. The co-founder of...
Tags: Bloomberg, Jack Ma, SPAC, Anthony Tan, Grab Holdings Inc


Billionaire Jack Ma was one of China's biggest success stories. The government turning on him speaks to an animosity against billionaires in the Communist country.

Wang HE/Getty Images China has cracked down on Jack Ma and his companies Ant Group and Alibaba recently. The government may be targeting him, but China is also focused on reining in billionaires at large. A wealth gap has widened, posing issues for the communist nation, which strives for distributed wealth. See more stories on Insider's business page. When Jack Ma's Ant Group IPO was yanked by Chinese regulators last fall, it was easy to view it as merely a sign of China's fir...
Tags: Google, Asia, News, China, Trends, Bloomberg, Analysis, Xi Jinping, New York Times, Alibaba, Retail, Chinese communist party, Party, Jack Ma, Weibo, Nyse


Charlie Munger's Daily Journal may have bought Alibaba stock because 'the Chinese Warren Buffett' recommended it

Warren Buffett and Charlie Munger. REUTERS/Rick Wilking Charlie Munger's Daily Journal took a stake in Alibaba last quarter.Li Lu, "the Chinese Warren Buffett," may have recommended the stock.Li introduced Munger to BYD and has previously invested in Alibaba.See more stories on Insider's business page.Charlie Munger's Daily Journal invested in Alibaba last quarter. A fund manager dubbed "the Chinese Warren Buffett" may have prompted the surprising move.Munger, best known as Warr...
Tags: Trends, Bank Of America, Alibaba, Treasury, Berkshire Hathaway, Warren Buffett, Columbia University, Jack Ma, Wall Street Journal, Berkshire, Himalaya, Buffett, Li, Daily Journal, Munger, Charlie Munger


Ant Group cut down to size in latest blow for Jack Ma's business empire

Jack Ma's business empire just suffered a one-two punch as China continues to tighten the screws on its tech champions.
Tags: China, Cnn, Jack Ma, Ant Group


China's Revamp of Ant Dents Investor Appetite for IPO Revival

By Ross Kerber and John McCrankBOSTON/NEW YORK (Reuters) -China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech...
Tags: New York, China, Jack Ma, Reuters China, Ross Kerber, Ant Group, John McCrankBOSTON


Some Investors Lukewarm on China's Ant Group if IPO Is Revived After Revamp

By Ross Kerber and John McCrankBOSTON/NEW YORK (Reuters) - China's regulatory-imposed revamp of Jack Ma's Ant Group, transforming the hot fintech...
Tags: New York, China, Jack Ma, Reuters China, Ross Kerber, Ant Group, John McCrankBOSTON


China forces Jack Ma's Ant Group to restructure

The overhaul will force the Alibaba-backed group to become a financial holding firm.
Tags: China, Alibaba, Jack Ma, Ant Group


Jack Ma’s Ant called to end anti-competition in payments

The details for Ant’s restructuring plan after its IPO was called off have arrived. Ant Group, the fintech affiliate of Alibaba controlled by Jack Ma, will be restructuring as a financial holding company, China’s central bank said on Monday. Ant, which provides online infrastructure for payments and other financial services, needs to “correct its anti-competitive practices” and “give consumers more options in payments methods,” the regulator said. It should also end its monopoly on user informat...
Tags: TC, China, Tech, Alibaba, Jack Ma, Ant


Alibaba shares jump after record $2.8bn anti-monopoly fine

E-commerce firm feels penalty by Chinese regulators means focus on company is at an endShares in Alibaba surged on Monday after the e-commerce company said that a record $2.8bn fine handed down by Chinese regulators marked the end of an investigation into anti-competitive practices at the company.Top executives at the company, founded by the billionaire Jack Ma, told investors that while Chinese regulators continued a wider investigation into the sprawling conglomerates in the country’s tech ind...
Tags: Hong Kong, Business, Technology, Top, Internet, China, World news, Regulators, E-commerce, Stock Markets, Asia Pacific, Alibaba, Jack Ma


FACTBOX-Ant Group to overhaul business as Beijing clamps down

Ant Group, the fintech group controlled by Chinese billionaire Jack Ma, will restructure as a financial holding company in a sweeping...
Tags: Beijing, Jack Ma, Ant Group, FACTBOX Ant Group


10 things you need to know before the opening bell

Thomson Reuters Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.1. Investors brace for key inflation data and company earnings. See what markets are doing today.2. GameStop short-seller Melvin Capital suffered a 49% loss in the 1st-quarter. Melvin was among a handful of hedge funds that got torched by the Wall Street Bets army that bid up GameStop's shares.3. Alibaba ...
Tags: China, US, Trends, Alibaba, Fidelity, Goldman Sachs, Jack Ma, Gamestop, Melvin, WSB, Bill Miller, Eric Rosengren, Boston Fed, Melvin Capital, Daniel Zhang, Nic Carter


Jack Ma's Ant Group to become financial holding company under a Beijing-enforced revamp

Jack Ma's Ant Group will restructure as a financial holding company, the country's central bank said on Monday.
Tags: Beijing, Jack Ma, Ant Group


Jack Ma’s Ant Group Bows to Beijing With Company Overhaul

Ant Group, the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen...
Tags: Jack Ma, Ant Group Bows to Beijing With Company Overhaul


Alibaba shares jump 8% as China ends its antitrust probe on Jack Ma's tech empire with a record $2.8 billion fine

Jack Ma, founder of Chinese e-commerce giant Alibaba. Thomson Reuters Alibaba's shares jumped 8% on Monday after China imposed a record $2.8 billion fine on the company.The fine, which marks an end to investor uncertainty, wasn't as hefty as some expected.CEO Daniel Zhang said Alibaba does not expect any material impact from the antitrust fine.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Alibaba's Hong Kong-listed shares rose as much as 8% on Monday a...
Tags: Hong Kong, China, US, Trends, Alibaba, Warren Buffett, Jack Ma, Barron, Daily Journal, Munger, Charlie Munger, Mark Haefele, Daniel Zhang, UBS Global Wealth Management, China s State Administration, Shalini Nagarajan