Jack Ma

Alibaba's Jack Ma meets Trump to discuss job creation in U.S.

Alibaba's Jack Ma meets Trump to discuss job creation in U.S.

Beijing [China], Jan. 10 : Chinese e-commerce giant Alibaba's chairman Jack Ma, in a meeting with U.S. President-elect Donald Trump in New York, has discussed plans to create one million new jobs in America, by helping small businesses sell goods to China.

The meeting,on Monday, which comes under strained relations between Beijing and the incoming U.S. administration, is a sign that a door has been left open for pragmatic cooperation with Chinese companies, despite Trump's tough stance on China, according to Chinese experts.

Alibaba to improve its global footprint, says CEO

Alibaba to improve its global footprint, says CEO

Alibaba Group Holding Ltd new CEO, Daniel Zhang, said that the Chinese e-commerce leader is planning to invest heavily in existing and new ventures abroad, making its push beyond the China market a top priority.

Zhang's has made the comments at such a time when Alibaba is aiming to maintain its rapid growth even as the prospect of e-commerce saturation at home is looming over the company.

A report on Thursday on Alibaba's news and commentary website, Alizila, said that since taking up new post this week Zhang said in his first speech that they must absolutely globalize.

The vast bulk of Alibaba's revenue has been coming from its dominant domestic online marketplaces, but the company invests in a range of sectors abroad also.

Alibaba's founder becomes 2014's biggest winner with 18.5 billion dollar profit

Jack MaWashington, Dec 17 : According to a list of 2014's biggest winners and losers, from the research firm Wealth-X, Alibaba's founder Jack Ma has made more money than anyone else with a profit of 18.5 billion dollars this year.

According to CNN, Ma has increased his wealth by 173 percent. The former English teacher who started his Chinese online market place with 60,000 dollars is now worth a total of 29.2 billion dollars.

Ma's banner year is tied to Alibaba's IPO in September this year which was the biggest ever.

Alibaba founder Jack Ma becomes China's richest man: Report

Alibaba founder Jack MaWashington, Sep 24 : Founder of Alibaba Jack Ma has risen to the top of the China annual rich list prepared by the Hurun Report with an estimated wealth of 25 billion dollars.

Until last year Ma was not even listed in the top 10 richest people of China. However, he rose to the peak just days after he floated Alibaba in the world's biggest Initial Public Offering (IPO).

Ma's wealth has been calculated primarily from his holding in Alibaba and Alipay , reported CNN.

His company raised 25 billion dollars in its debut breaking the previous stock market listing record. (ANI)

Alibaba's IPO biggest ever globally after additional shares sold

AlibabaHong Kong: Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.

The move comes after the stock surged 38 percent in its debut on Friday as investors jostled for a piece of the e-commerce company.

Alibaba and several shareholders initially sold 320.1 million American Depositary Shares in its offering, which priced at $68 each last week. Underwriters had the option to sell additional shares from Alibaba, Yahoo Inc and Alibaba co-founders Jack Ma and Joe Tsai, according to the IPO prospectus.

Alibaba plans to raise 24 billion dollars in largest U.S. technology IPO

alibabaLondon, Sep 06 - China's biggest e-commerce firm Alibaba Group Holding has planned to raise as much as 24.3 billion dollars in an Initial Public Offering (IPO) which will be the largest technology listing in the United States.

Previous biggest sale for an internet company was 16 billion dollars by Facebook's IPO in 2012.

According to the BBC, Alibaba contributes 80 percent to all online retail sales in China.

The final share price of the company will be decided after a global roadshow which would start this week.




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