Jack Ma

BEIJING: Jack Ma’s fortune is dwindling further as a planned repurchase of shares reveals a much reduced valuation for Ant GroupCo., the payments business he co-founded.The 58-year-old tycoon has a 9.9% stake that’s now estimated to be…

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Grouphas drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over. Ant's…

The announcement of a nearly $1 billion fine by Chinese regulators on Ant Group has drawn a line under the fintech giant's woes and given hope to investors that a regulatory crackdown on China's broader technology sector is over.Ant's story…

HONG KONG: Alibaba Group and Tencent shares rose in Hong Kong on Monday (Jul 10) after China's US$984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country's technology…

Last Updated: July 09, 2023, 12:41 ISTAlibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference in Shanghai, China, September 17, 2018. (Reuters)The fine on Ant Group comes nearly three…

<!-- -->Jack Ma is the billionaire founder of Ant Group.Beijing: Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the…

HONG KONG: Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country's…

Chinese authorities are likely to announce a fine of at least 8 billion yuan ($1.1 billion) on Ant Group as soon as Friday, sources with direct knowledge of the matter said, bringing an end to the fintech company's years-long regulatory…

ISLAMABAD (PAKISTAN): Chinese billionaire and co-founder of AlibabaGroup, Jack Ma, has created a stir among observers with his unexpected visit to Pakistan, according to the Express Tribune newspaper.The Express Tribune is a daily…

<!-- -->During his visit, Jack Ma avoided interactions with Pakistan government officials and mediaIslamabad: Chinese billionaire and co-founder of Alibaba Group, Jack Ma, has created a stir among observers with his unexpected visit…