Jack Ma

Breakthrough Energy Ventures, a climate-focused investment firm supported by Microsoft Corp. co-founder Bill Gates, Amazon.com, Inc. founder Jeff Bezos, and Alibaba Group founder Jack Ma, has successfully raised $839 million for its third flagship fund. What Happened: The firm, which was...

In a recent announcement, SoftBank Group Corp. (OTC:SFTBY) founder, Masayoshi Son, revealed his intent to make a significant investment in artificial intelligence (AI). What Happened: Son’s announcement suggests that SoftBank is on the verge of a substantial AI investment. While acknowledging...

Apple Inc. (NASDAQ:AAPL) resisted using the term "AI" until recently when it unveiled its suite of AI-powered features. However, instead of sticking to the original word, the Tim Cook-led company branded it "Apple Intelligence." But it's not the first company to do so. What Happened: Tech titans...

In a significant shift of focus, SoftBank Group has announced the sale of almost its entire stake in Alibaba Group Holding (NASDAQ:BABA) (OTC:BABAF). The move is part of the Japanese conglomerate’s pivot towards artificial intelligence (AI) investments. What Happened: SoftBank’s...

Alibaba Group Holding Limited (NYSE:BABA) shares have been on a broad consolidation move since bottoming in late October 2022. The company is still reeling from the impacts of regulatory clampdowns and lackluster domestic economic growth. As the Jack Ma-founded company prepares to release its...

Tesla Inc. CEO Elon Musk met Alibaba Group co-founder Jack Ma at the World Artificial Intelligence Conference in Shanghai, China in 2019. While Musk is usually at the center of attention, this time, Ma stole the show with his quips, making the Tesla CEO instantly regret being on stage with him....

Alibaba Group Holding Ltd. (NYSE:BABA) co-founder Jack Ma has reportedly resurfaced with a comprehensive internal memo, stirring speculation about his future role in the company. What Happened: Ma has emerged with a detailed message to his staff, hinting at a more prominent role after years of low...

UBS Group AG (NYSE:UBS) has announced a new share buyback program worth up to $2 billion, set to commence in 2024. This move is intended to enhance investor returns as the bank pursues the completion of its acquisition of Credit Suisse. What Happened: UBS, based in Zurich, is initiating a new...

On Tuesday, major U.S. stock indices closed lower, with the Dow Jones Industrial Average decreasing by 1.04% to 38,585.19 and the S&P 500 falling by 1.02% to 5,078.65. The Nasdaq also finished the day down by 1.65% at 15,939.59. These are the top stocks that gained the attention of retail...

Ant Group Co has reportedly outbid Citadel Securities LLC for the acquisition of Credit Suisse‘s investment bank venture in China. This unexpected development is expected to undergo strict regulatory scrutiny. What Happened: Ant Group, a fintech giant backed by Jack Ma, has emerged as the top...

Alibaba Group Holding Ltd (NYSE:BABA) co-founder Joe Tsai expressed optimism about the company’s future despite recent setbacks. What Happened: Tsai acknowledged the challenges Alibaba has faced in recent times. These include internal changes, the cancellation of a cloud computing IPO, and...

Alibaba Group Holding Ltd (NYSE:BABA) has decided to put the initial public offerings (IPOs) of its logistics arm Cainiao Smart Logistics and brick-and-mortar chain Freshippo on hold due to challenging market conditions. What Happened: Alibaba’s Chairman Joe Tsai announced the decision during...

Despite the continuing rout on Chinese stock markets on Monday, shares in Alibaba (NASDAQ:BABA) escaped with only a fractional loss in Hong Kong, while its U.S. listing gained ahead of the e-commerce company’s fourth-quarter earnings report on Wednesday. In Hong Kong, the shares dipped 0.1%,...

Chinese equities recorded their most robust performance on Wednesday in several months, buoyed by Beijing’s commitment to inject financial stimulus into the weakened economy and implement regulations designed to restrict short selling of the nation’s entities. This uptick follows rumors...

In a significant development, Jack Ma and Joe Tsai have emerged as the top shareholders of Alibaba Group Holding Ltd (NYSE:BABA), surpassing SoftBank Corp (OTC:SFBQF). What Happened: Ma, who retired as Alibaba’s executive chairman in 2019, increased his stake in the company by purchasing...