Jack Ma Backed Ant Group Plans to Buyback Shares at 70% Valuation Below its IPO Price
Ant Group, backed by Jack Ma, is considering a share buyback of up to 7.6% of its shares to retain talent and provide an exit...
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Alibaba to Decide Control of New Business Unit After IPO
Alibaba, the Chinese tech giant, recently announced plans to restructure its business into six separate parts, a move that investors have welcomed as a means...
Alibaba Raises Share Buyback to $25 Billion From $15 Billion
Alibaba Group has raised its share buyback programme to $25 billion, which is its second expansion in less than a year to place stocks that...
China Fine Alibaba for $2.75 Billion on Anti-Monopoly Violations
Chinese regulators have fined Alibaba Group Holding Ltd $2.75 billion for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust...
Ant Group Reaches Deal with China Regulators on Restructuring
Ant Group Co has agreed to a restructuring plan with Chinese regulators under which the fintech giant will become a financial holding company, a person with...
Alibaba Plans $5 Bn US-Dollar Bond Issuance
Chinese e-commerce giant Alibaba Group Holding Ltd plans to raise up to $5 billion through the sale of a U.S. dollar-denominated bond, according to a marketing term...
Jack Ma Regains The Title Of “China’s Richest Man”
According to the latest version of the Hurun China Rich List 2018, Jack Ma has been renamed as China’s richest man with him and his...
Jack Ma Announces To Move Away From Alibaba Group
One of China’s best-known business figures and one of the world’s richest entrepreneurs, Jack Ma has announced to steps down as Alibaba Group’s chairman in...