Trends - Jack Ma - Business Recorder

Jack Ma

Alibaba executive says founder Jack Ma lying low

"The idea that Jack has this enormous amount of power, I think that's not quite right," Tsai said. "He is just like you and me, he's a normal individual."
Alibaba was also fined $2.8 billion in April for anti-competitive business practices.

Published 15 Jun, 2021 07:40pm

World

Jack Ma to step down as president of his business school

BEIJING: Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the...

Published 25 May, 2021 04:40am

Business & Finance

China investigates Ant Group's IPO approval process

The central-government investigation, which started early this year, focuses on "regulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from it", according to the report.
Ma's relationships with these "state stalwarts" are also being examined as part of the investigation, the report said.

Published 27 Apr, 2021 08:36pm

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

Markets

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

Ant Group to become a financial holding firm.
China tightening controls on 'platform economy'.
Revamp is stricter than expected – analyst.

Published 12 Apr, 2021 08:21pm

Business & Finance

Ant Group to overhaul business as Beijing clamps down

Apply to set up a financial holding company to ensure its financial-related businesses are fully regulated.
'Jiebei' and 'Huabei', the company's two credit subsidiaries, will be run by its consumer finance company which will be operated in compliance with relevant laws and regulation.

Published 12 Apr, 2021 06:42pm

Business & Finance

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

World

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.

Published 10 Apr, 2021 01:24pm

Business & Finance

China fines Alibaba record $2.75 billion for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown technology conglomerates in the past few months that have weighed on company shares.

Published 10 Apr, 2021 10:12am

World

China asks Alibaba to divest media assets

BEIJING: Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern...

Updated 16 Mar, 2021 09:38am

World

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries

Last year, Chinese premier Xi Jinping blocked Ant Group's initial public offering, as it was speculated that the decision was based on Jack Ma's public criticism of Jinping's financial oversight campaign, and that it could add risk to the financial system.
A group of well-connected Chinese power players backed the company; including those linked with political families that pose a potential challenge to Jinping's authority.

Updated 17 Feb, 2021 05:05pm

Markets

Alibaba sets initial price guidance on $5bn bond offering

It is selling the debt in four tranches which also includes 30 and 40-year bonds, the term sheet showed.

Published 04 Feb, 2021 11:36am

Business & Finance

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

. Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.

Published 02 Feb, 2021 10:22am

Markets

Alibaba's shares surge as Jack Ma reappears

Shares in Alibaba soared 8.5 percent to HK$265.00 in Hong Kong.

Published 20 Jan, 2021 05:42pm

Business & Finance

China’s Jack Ma makes first video appearance since Ant crackdown

Jack Ma decided to say goodbye to Alibaba in 2018 and was last seen at a conference in October last year criticizing Chinese government regulators, after which he disappeared raising global concerns.

Published 20 Jan, 2021 11:39am

World

Alibaba's Jack Ma makes first public appearance since Oct in online meeting

Tianmu News, a news portal under Zhejiang Online.

Published 20 Jan, 2021 11:14am

Business & Finance

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

The Financial Times reported on Friday that Ma was replaced as a judge in the final episode in November of a game show for entrepreneurs called Africa's Business Heroes.
Chinese regulators have zeroed in on Ma's businesses since his October speech including launching an antitrust probe into Alibaba.

Published 04 Jan, 2021 07:14pm

Markets

China stocks climb on upbeat industrial profit data

Hong Kong shares of Alibaba Group Holding Ltd fell 7% and were on course for a sixth straight session of decline.

Published 28 Dec, 2020 11:57am

World

Jack Ma: tycoon who soared on China's tech dreams grounded by regulators

Eyebrows were raised when the state-run People's Daily revealed that he is a member of the Communist Party -- something Ma has never fully commented on.

Updated 24 Dec, 2020 11:16am

Business & Finance

China begins anti-monopoly investigation into Alibaba

State media have repeatedly called for tighter oversight of these firms, warning of potential financial instability as a result of their unregulated rapid growth.

Published 24 Dec, 2020 09:13am

Gainers
Losers
Leaders

Stock	Price
S.G. Power Ltd. / Jun 19 S.G. Power Limited(SGPL)	2.55 ▲ 1.00 (64.52%)
Sally Tex. / Jun 19 Sally Textile Mills Limited(SLYT)	6.03 ▲ 0.92 (18.00%)
First Elite Cap. Mod. / Jun 19 First Elite Capital Modaraba(FECM)	3.70 ▲ 0.39 (11.78%)
Dawood Equities / Jun 19 Dawood Equities Limited(DEL)	9.94 ▲ 1.00 (11.19%)
First National Equities / Jun 19 First National Equities Limited(FNEL)	10.33 ▲ 1.00 (10.72%)
Premier Ins. / Jun 19 Premier Insurance Limited(PINL)	6.40 ▲ 0.61 (10.54%)
First Equity Mod. / Jun 19 First Equity Modaraba(FEM)	6.00 ▲ 0.50 (9.09%)
Olympia Mills / Jun 19 Olympia Mills Limited(OML)	12.61 ▲ 1.00 (8.61%)
TPL Corp / Jun 19 TPL Corp Limited(TPL)	13.03 ▲ 1.00 (8.31%)
Pak. P.V.C. / Jun 19 Pakistan PVC Limited(PPVC)	7.25 ▲ 0.54 (8.05%)

Stock	Price
Dewan Tex. / Jun 19 Dewan Textile Mills Limited(DWTM)	2.60 ▲ -0.34 (-11.56%)
Apna Microfinance (R) / Jun 19 Apna Microfinance Bank Ltd (R)(AMBLR4)	7.90 ▲ -1.00 (-11.24%)
Jahangir Siddiqui (R) / Jun 19 Jahangir Siddiqui & Co. Ltd (R)(JSCLR1)	8.01 ▲ -1.00 (-11.10%)
Pak Gen. Ins. / Jun 19 The Pakistan General Insurance Co. Ltd.(PKGI)	4.00 ▲ -0.35 (-8.05%)
Bawany Air / Jun 19 Bawany Air Products Limited(BAPL)	14.34 ▲ -1.16 (-7.48%)
Landmark Sp. / Jun 19 Landmark Spinning Industries Limited(LMSM)	24.20 ▲ -1.94 (-7.42%)
Gatron Ind. / Jun 19 Gatron (Industries) Limited(GATI)	520.00 ▲ -40.99 (-7.31%)
Tandlianwala / Jun 19 Tandlianwala Sugar Mills Limited(TSML)	147.00 ▲ -11.34 (-7.16%)
Mian Textile / Jun 19 Mian Textile Industries Limited(MTIL)	21.50 ▲ -1.64 (-7.09%)
Metro Steel / Jun 19 Metropolitan Steel Corporation Limited(MSCL)	21.01 ▲ -1.49 (-6.62%)

Stock	Volume
Hum Network / Jun 19 Hum Network Limited(HUMNL)	87,482,000 ▼ 0.00
Worldcall / Jun 19 Worldcall Telecom Limited(WTL)	75,473,500 ▼ 0.00
Byco Petroleum / Jun 19 Byco Petroleum Pakistan Limited(BYCO)	70,116,000 ▼ 0.00
Unity Foods / Jun 19 Unity Foods Limited(UNITY)	53,418,224 ▼ 0.00
Silkbank / Jun 19 Silkbank Limited(SILK)	44,108,000 ▼ 0.00
K-Electric Ltd / Jun 19 K-Electric Limited(KEL)	32,168,000 ▼ 0.00
Pak Int.Bulk Ter / Jun 19 Pakistan International Bulk Terminal Limited(PIBTL)	31,350,500 ▼ 0.00
Hascol Petroleum / Jun 19 Hascol Petroleum Limited(HASCOL)	24,259,515 ▼ 0.00
First National Equities / Jun 19 First National Equities Limited(FNEL)	22,319,000 ▼ 0.00
Ghani Global Glass / Jun 19 Ghani Global Glass Limited(GGGL)	21,806,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	156.80
USD PKR Interbank Buying / Jun 18	156.70
USD to Japanese Yen / Jun 18	110.30
USD to Swiss Franc / Jun 18	0.92
Pound Sterling to USD / Jun 18	1.39
Euro to USD / Jun 18	1.19
UK LIBOR % / Jun 18	0.06

Stock	Volume
S&P 500 / Jun 18	4221.86
India Sensex / Jun 18	52323.33
Tokyo Nikkei / Jun 18	29018.33
Nasdaq / Jun 18	14161.35
Hang Seng / Jun 18	28558.59
FTSE 100 / Jun 18	7153.43
Dow Jones / Jun 18	33823.45
Germany DAX 30 / Jun 18	15727.67
France CAC40 / Jun 18	6666.26