Alibaba Group founder Jack Ma has made his first public appearance of 2021, resulting in a 5% jump in Alibaba shares, after more than two months of laying low.
A brief appearance: During an online conference on Jan. 20, the billionaire appeared in a 50-second video to address 100 rural teachers from across China, Markets Insider reports.
Alibaba founder Jack Ma is reportedly “laying low” after suspicions that he has been missing came to light as Chinese regulators continue to crack down on his ever-growing business empire.
The 56-year-old billionaire, who recently slipped to China’s third-richest, was last seen in public in October when he criticized the country’s financial regulatory system at a conference in Shanghai.
The 55-year-old entrepreneur donated through the Jack Ma Foundation, designating 40 million yuan ($5.8 million) to two government research organizations with the remaining funds to support “prevention and treatment” measures, according to CNN.
Social media users are praising e-commerce giant Alibaba for featuring a gay couple in its latest Chinese New Year advertisement for Tmall.
The 20-second ad features a man visiting his partner’s home for Chinese New Year. He introduces his partner to his mother as Kelvin and refers to him as a friend, according to Pink News.
Alibaba surpassed its previous Singles’ Day sales with 268.4 billion yuan ($38.4 billion) on Monday, setting a new record high for the annual 24-hour shopping frenzy.
Now on its 11th run, the shopping festival, held every Nov. 11, marked the first time Alibaba has thrived under a new chief executive officer following Jack Ma’s resignation in September.
In a world that can’t stop talking, a quiet man has emerged to lead one of the planet’s largest multinational companies this week — proving that there is strength in silence.
Daniel Zhang, 47, is the new executive chairman of Alibaba Group, the $460 billion business Jack Ma built from his apartment in 1999.
Jack Ma, China’s richest man, stepped down as chairman of the Alibaba Group on Tuesday, the small e-commerce site he built with 17 other people in 1999 which has since become the diverse $460 billion tech empire it is today.
The grand farewell party, which coincided with the tech entrepreneur’s 55th birthday and Alibaba’s 20th anniversary, hosted more than 60,000 employees at the Olympic Sports Center in Hangzhou, the company’s home city in eastern China’s Zhejiang province.
Joseph Tsai, the Taiwanese-Canadian co-founder of e-commerce giant Alibaba, is set to become the sole owner of the NBA’s Brooklyn Nets after acquiring the franchise for a total signing deal of $2.35 billion.
The 55-year-old businessman already owns 49% of the team after he bought the share last year for $1 billion. However, unnamed sources told the New York Post that Tsai is now close to signing the deal to buy the remaining 51% from Russian billionaire Mikhail Prokhorov for $1.35 billion.
Jet Li appeared to be in much better health at a recent awards ceremony in southern China.
Diagnosed with hyperthyroidism, the martial arts legend worried fans when he looked frail in a photo that went viral last year.
A grocery store owner in Zhejiang province, China saw a massive boom in his business after he went viral for his uncanny resemblance to Alibaba’s co-founder Jack Ma.
Wu Xuelin, who now has over 1.35 million followers on his Chinese social media accounts, goes by the online nickname “Little Jack Ma.”
Before Judy Tong Wenhong became Alibaba’s “most inspiring partner,” she served as the company’s receptionist, then customer service representative, and finally, an inexperienced vice president who did not back down in facing tough challenges.
Tong was 30 years old when she joined the Chinese e-commerce hub in 2000.
In a bid to have more money to splurge on the biggest shopping event of the year, a young woman ate nothing but instant noodles for three straight weeks.
Singles Day or Guanggun Jie is an annual shopping holiday in China where retailers offer huge discounts on November 11, a concept similar to the Black Friday sale in the United States.