All articles tagged with #jack ma
Originally Published 1 year ago — by Bloomberg
Jack Ma made a rare public appearance at Ant Group's 20th anniversary, emphasizing the future role of artificial intelligence in the fintech company's growth. This marks his return to the spotlight after a government crackdown halted Ant's IPO plans four years ago.
Originally Published 1 year ago — by South China Morning Post
Jack Ma, founder of Alibaba, made a rare public appearance at Ant Group's 20th anniversary, expressing optimism for the company's future and the transformative potential of AI. This marks his first address to Ant since its halted IPO in 2020, following his decision to step back from the company. Despite his reduced corporate role, Ma remains a significant figure in China's private sector.
Originally Published 1 year ago — by Business Insider
Jack Ma, the cofounder of Alibaba, sent a motivational memo to the company's employees, acknowledging past mistakes and praising the new leadership. Despite facing challenges such as government scrutiny and increased competition, Ma encouraged the company to address past issues and make reforms for the future. He also reportedly spent $50 million on Alibaba shares in Q4 of 2023, reversing previous plans to sell his shares.
Originally Published 1 year ago — by Yahoo Finance
Alibaba Group Holding Limited, led by Jack Ma, is undergoing significant restructuring, with Ma expressing support for the rejuvenation efforts led by Joseph Tsai and Eddie Wu. The stock price climbed after the report, and Ma emphasized the importance of innovation and market-first approach. Alibaba is also expanding its global market presence through its international shopping platform, AliExpress, with a substantial subsidy campaign. Despite a 26% plunge in the last 12 months, investors can gain exposure to Alibaba stock through various ETFs.
Originally Published 1 year ago — by CNBC
Alibaba founder Jack Ma reemerged in public view in China, praising the company's reorganization and changes over the past year, signaling a potential softening of the Chinese government's stance toward tech giants. The reemergence comes after a historic overhaul and management changes at Alibaba, which has faced regulatory challenges and increased competition. Ma's public statement aims to boost morale among employees and emphasizes the need for future-oriented transformations, particularly in the e-commerce landscape.
Originally Published 1 year ago — by Yahoo Finance
Jack Ma voiced support for Alibaba's restructuring in a rare internal memo, urging staff to stay the course and emphasizing the company's return to growth. The Chinese e-commerce giant, grappling with regulatory challenges and market share loss, is undergoing a revamp under new leaders Joseph Tsai and Eddie Wu. Ma's memo signals a potential return to public life after a period of seclusion, as Alibaba aims to integrate its businesses and regain market dominance amidst ongoing challenges.
Originally Published 1 year ago — by Yahoo Finance
Alibaba co-founder Jack Ma has broken his silence by penning a morale-boosting memo to employees, expressing support for the company's restructuring efforts, a year after announcing its decision to split into six units. The rare move from Ma, who has been out of the spotlight for the last few years, comes as Alibaba faces challenges in e-commerce and regulatory crackdowns. In the lengthy post, Ma praised the leadership and acknowledged past mistakes, aiming to restore confidence in the company's leadership amid declining shares and increased competition.
Originally Published 1 year ago — by Reuters
Alibaba co-founder Jack Ma has written a morale-boosting memo to employees, expressing support for the company's restructuring efforts and praising the leadership of CEO Eddie Wu and Chairman Joe Tsai. The rare move comes after Ma spent the last few years out of the spotlight, and it resulted in a 5% surge in Alibaba's Hong Kong-listed shares. Ma acknowledged past mistakes and emphasized the need for timely corrections and future reforms, aiming to restore internal and external confidence in Alibaba's leadership amid doubts and pressures.
Originally Published 1 year ago — by Bloomberg
Jack Ma emerged from seclusion to voice support for Alibaba's restructuring in an internal forum, endorsing new leaders' efforts to revive the company and urging staff to stay the course.
Originally Published 2 years ago — by Fortune
Alibaba's co-founders, Jack Ma and Joe Tsai, purchased $200 million worth of shares, boosting the company's value by $13 billion in Tuesday trading. Their show of confidence comes as the tech giant faces consumption worries, intense competition, and geopolitical tensions. Despite Ma's decreased public presence, his recent call for Alibaba to "correct its course" reflects the company's struggle against e-commerce challenger PDD Holdings and U.S.-China tensions impacting its cloud computing plans.
Originally Published 2 years ago — by Yahoo Finance
Alibaba's stock gained significantly after co-founder Jack Ma purchased $50 million worth of shares, signaling support for the struggling company amidst internal turmoil and a stock market rout. The purchase comes as doubts persist about China’s post-Covid turnaround and amid speculation about Ma's potential increased involvement in the company. Alibaba has faced challenges including losing market share to competitors and undergoing a management reshuffle, prompting efforts to rejuvenate the company under new leadership.
Originally Published 2 years ago — by Yahoo Finance
Alibaba co-founder Jack Ma and Chairman Joe Tsai purchased millions of dollars worth of shares in the company in the fourth quarter, with Ma buying $50 million worth of Hong Kong-traded stock and Tsai purchasing about $151 million worth of Alibaba's U.S.-traded shares through his family investment. The purchases, reported by the New York Times, led to a 7% increase in the company's U.S.-listed shares. Alibaba, currently undergoing an overhaul and facing competition in China's online shopping market, had previously announced plans to sell 10 million American Depository Shares.
Originally Published 2 years ago — by Yahoo Finance
Alibaba's shares surged after reports that founder Jack Ma and Chairman Joe Tsai have been buying up shares in the company, with Ma purchasing $50 million worth of stock and Tsai buying about $151 million worth in the fourth quarter through his family investment vehicle. The share purchases reflect their belief that the business is undervalued after its stock fell sharply from its 2020 peak, as Alibaba's US-traded shares gained as much as 6.6% in New York, the most since last August.
Originally Published 2 years ago — by CNBC
Alibaba co-founders Jack Ma and Joe Tsai have purchased over $200 million worth of shares in the company, causing a 6% increase in the stock's value. This move comes amidst recent challenges faced by Alibaba, including regulatory pressure and geopolitical issues. Ma and Tsai's share acquisitions signal their confidence in the company despite its recent struggles.
Originally Published 2 years ago — by The New York Times
Jack Ma, the co-founder of Alibaba, and Joe Tsai, the company's chairman, have been buying up shares in Alibaba in recent months as the tech giant's stock has plummeted. This move suggests that Ma and Tsai believe the business is undervalued, despite facing regulatory challenges and a sharp decline in stock value. The purchases, though not huge in size, are likely to attract attention from investors and policymakers, given the prominence of the buyers.