Jakarta – Since criticizing the financial system the Chinese government towards the end of 2020, life Jack Ma not the same anymore. His wealth plummeted, he never made public appearances, and he was often outside of China. The business has been messed around a lot. As quoted detikINET from AFP, the Chinese government seemed to … Read more
Jan 9 (Reuters) – Chinese stocks rose for the sixth straight session on Monday and Hong Kong’s index jumped to a six-month closing high as the full reopening of the world’s second-largest economy fueled expectations of a robust recovered from the pandemic. Sentiment also improved after the central bank pledged to support the internet sector … Read more
he will surrender Jack Ma The founder of Ant Group has taken control of the Chinese fintech giant in a review that seeks to draw a line under a regulatory crackdown launched shortly after disrupting its massive IPO two years ago. And Ant’s $37 billion IPO, which would have been the world’s largest, was canceled … Read more
Chinese billionaire Jack Ma has relinquished control of e-commerce giant Alibaba’s payments business, Ant Group. Voting rights will be split between the founder, management and employees, the company announced. The new policy has no consequences for the “economic interests” of shareholders, he says. According to the news agency Reuters But he directly owns 10 percent … Read more