Jack ma
China hits Alibaba with record $2.78bn fine for market abuses
Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world's most valuable companies, said it accepted the penalty and pledged to outline plans...
Does your business solve society’s problems? Enter this R28 million competition, says Jason Pau of the Jack Ma Foundation.
The Alibaba founder donated 1.1 million test kits, 20,000 each to 54 countries.
The equipment will be distributed to frontline health workers and hospital laboratories.
Each African country will get 20,000 testing kits, 100,000 masks and 1,000 protective suits – all donated by Chinese billionaire Jack Ma.
Earlier this week, the Jack Ma Foundation and Alibaba Foundation had announced their commitment to donating 100,000 medical masks, 20,000 test kits and 1,000 protective suits and face shields to each of the 54 nations on the African continent.
Singles’ Day is the world’s biggest online sales event and last year netted Alibaba 168 billion yuan ($24.15 billion) in total sales.
Ma relinquished the role of chief executive in 2013. Zhang, 46, has been in the job since 2015 after serving as the company’s chief operating officer.
China’s third-richest person was quoted by the New York Times as saying his retirement was not the end of an era, but the beginning of one.
The president met with the business magnate, who is also the co-founder of tech giant Alibaba, at the company’s headquarters in Hang Zhou, China.
Jack Ma, one of China's richest men and a co-founder of e-platform Alibaba, speaks to EWN's Technobyte host Aki Anastasiou about his time in Africa and Africa's future in the digital world.
Behavioural economists, starting with Daniel Kahnemann and Richard Thaler, were among the first to state the importance of narratives in decision-making.
Executive chairperson of Chinese e-commerce giant Alibaba Jack Ma hit the ground running when he landed in Nairobi on Thursday.
Stéphanie Thomson unpacks the key developments from the 2017 World Economic Forum.
Ma told the audience that he had one last piece of advice to share – what our priorities should be for the next three decades.
Arno Lawrenz says South Africa remains one of the most consistently unequal countries in the world.