Jack Ma steps down from SoftBank board

Ma is close with SoftBank founder and CEO Masayoshi Son.

May 18, 2020, 17:03 PM IST

Alibaba launches $13.4 billion Hong Kong listing to fund expansion

A 661-page draft prospectus for what looks set to be the world`s biggest cross-border secondary listing shows Alibaba plans to use the money to invest in online delivery and local services platform, as well as online travel group Fliggy.

Nov 13, 2019, 23:00 PM IST

Alibaba's Singles' Day shopping event records $38 billion sales; Check other details

 Chinese e-commerce giant Alibaba has posted 24.3 per cent jump in total sales to $38.3 billion during the 11th edition of mega 24-hour Singles` Day shopping event. The high-double digit growth in the Global Shopping Festival, branded as Double 11, holds high hopes for the Chinese economy which has slowed down in the wake of global trade war and sagging demand.

Nov 12, 2019, 17:20 PM IST

Tearful Jack Ma bids Alibaba farewell with rock star show

A tearful Jack Ma formally left Alibaba on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China.

Sep 11, 2019, 06:28 AM IST

DNA Analysis of Inspirational story of Jack Ma

Here's the DNA Analysis of Inspirational story of Jack Ma. To know more watch the video

Sep 10, 2019, 23:48 PM IST

As group chairman Jack Ma retires, road ahead for Alibaba full of ‘big challenges’

As Jack Ma holds centrestage at his farewell party in the 80,000-capacity Hangzhou Olympic Sports Center stadium to the accompaniment of music and celebrity performances, attendees will be hoping to get clues on how Alibaba will be run under his heir Daniel Zhang.

Sep 10, 2019, 09:02 AM IST

Alibaba posts $16.7bn in revenue, consumer base hits 674mn

While annual active consumers on its China retail marketplaces reached 674 million -- an increase of 20 million from the 12-month period ended March 31 -- mobile monthly active users on its our China retail marketplaces reached 755 million � an increase of 34 million over March 2019.

Aug 16, 2019, 14:38 PM IST

IBM unlocks Hybrid Cloud potential with Red Hat OpenShift

Enterprises can now build mission-critical applications once and run them on all leading public clouds, including AWS, Microsoft Azure, Google Cloud Platform, Alibaba and IBM Cloud and on private clouds.

Aug 02, 2019, 17:58 PM IST

UC Browser records over 4 billion views for cricket coverage during IPL 2019, ICC World Cup 2019

UC, the leading internet content provider, which is affiliated to Alibaba Innovation Initiatives Business Group, said that UC Browser generated a record over 4 billion views for cricket coverage during IPL 2019 and ICC World Cup 2019 from a period of March to July 2019 which is a record.

Jul 26, 2019, 15:34 PM IST

Alibaba plans $20 billion blockbuster Hong Kong listing: sources

The deal, which would be the sixth-biggest follow-on share sale ever, would give Alibaba a war chest to keep investing in technology - a priority for China as growth flags and as the world`s second-largest economy faces an escalating trade spat with the United States.

May 28, 2019, 10:16 AM IST

Jack Ma, China's richest man, urges employees to follow '669' spirit of sex

Jack Ma has been called out for his recent remark on how many times employees ought to have sex in their personal lives. This is especially because he had previously given the '996 spirit of work' which called for working from 9am to 9pm for six days.

May 14, 2019, 14:59 PM IST

Amazon world's most valuable retail brand, China's Alibaba second

Amazon has almost doubled its brand value to $316 billion as it expands in areas like entertainment and smart speakers, while China`s Alibaba is now the world`s second most valuable retail brand, a survey showed on Tuesday.

May 14, 2019, 07:38 AM IST

Alibaba founder Jack Ma defends overtime work culture as 'huge blessing'

In a speech to Alibaba employees, Ma defended the industry`s `996` work schedule, which refers to the 9 am to 9 pm workday, six days a week.

Apr 12, 2019, 21:22 PM IST

Reliance can be India's Alibaba, says report

While Amazon's strong 'Prime' membership growth has been a key pillar of its business, Reliance has similarly built a strong telecom subscriber base.

Jan 25, 2019, 11:55 AM IST

Face scans for check-in, robots as waiters: Alibaba opens 'future hotel' in China

It claims to be a hotel like no other in the world and one look at the waiters here would show just why. Chinese internet giant Alibaba has dived into the world of hospitality by opening what it claims to be a 'future hotel' with features unseen so far in the industry.

Dec 18, 2018, 15:55 PM IST

Alibaba's Jack Ma is a Communist Party member: Chinese media

China`s best-known capitalist is a Communist Party member, The People`s Daily revealed.

Nov 27, 2018, 11:00 AM IST

India needs strong, decisive govt for next 10 years, populist measures hamper progress: NSA Ajit Doval

NSA Ajit Doval said that populist measures hamper the country's progress.

Oct 25, 2018, 17:06 PM IST

Alibaba's Jack Ma says US-China trade friction could last 20 years

Ma was speaking at an Alibaba investor conference hours after Washington said it would impose duties on an extra $200 billion worth of Chinese imports, drawing a warning from Beijing that it would retaliate.

Sep 19, 2018, 13:59 PM IST

Who is Daniel Zhang? All you want to know about Alibaba's next chairman

Zhang will be promoted to the executive chairman on September 10, 2019.

Sep 10, 2018, 16:15 PM IST

Alibaba CEO Zhang to succeed Jack Ma as Chairman

Chinese e-tailer Alibaba Group`s Chief Executive Daniel Zhang will be the new chairman, succeeding its co-founder Jack Ma from September 10, 2019, the global firm announced on Monday.

Sep 10, 2018, 08:47 AM IST