Categories
Business

Stock listing of Jack Ma’s Ant Group on Shanghai and Hong Kong abruptly halted

The stock market debut by Chinese tech giant Ant Group has been abruptly halted. Ant, backed by Jack Ma, billionaire founder of e-commerce platform Alibaba, was set to sell shares worth about US$ 34.4 billion on Thursday. The listings in Shanghai and Hong Kong would have been the biggest stock market debut to date. But […]

Categories
Business

Jack Ma resigns from SoftBank board

SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy. SoftBank will […]

Categories
World

Jack Ma’s first shipment of surgical masks and coronavirus test kits reaches US

Alibaba co-founder Jack Ma has sent the first shipment of surgical masks and coronavirus test kits to the US. The Chinese billionaire tweeted two pictures of the pallets of goods being loaded on to a plane in Shanghai. Earlier this month he said he would give 500,000 testing kits and one million masks to America. […]