Alibaba

Mynt, the Philippine payments app backed by Jack Ma’s Ant Financial, has raised $175 million in fresh capital from US investment firm Bow Wave Capital Management and existing shareholders. The fresh funding gives Mynt, the fintech arm of Globe Telecom and operator of mobile wallet GCash, a post-money valuation of…

Podcast How is the Me Too movement evolving as it spreads? Why is China going after its best-known businessman? And what are the consequences of quantitative easing? by The Week team 8 Jan 2021 Olly Mann and The Week delve behind the headlines and debate what really matters from the…

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One of China’s first music-streaming sites is pulling the plug next month after 12 years of entertaining millions of listeners. Xiami Music will discontinue its services from Feb. 5 “due to operational adjustments,” the Alibaba-backed company said in a statement Tuesday. As of November, the streaming site had a database…

2020 was a wild year for MMA that feels like it lasted a lifetime. With all the action that took place over the year, it’s hard to remember what took place. This series looks to help out with that, providing an overview on what happened in each weight class, and…

Tech pioneer Jack Ma is facing new regulatory pressure from the Chinese authorities – is this some ideological spat, or simply that he's too good at what he does compared to the state-owned financial system? By Tim Worstall, Adam Smith Institute Published: 06 Jan 2021 Chinese tech entrepreneur Jack Ma…

HONG KONG (Reuters) - China’s Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire. FILE PHOTO: The logo of Alibaba Group is…

After reports speculating about Alibaba founder Jack Ma's whereabouts, CNBC's David Faber reported Tuesday that the billionaire is not missing, according to a person familiar with the matter. Instead, Ma has been lying low for the time being, Faber reported. Outlets including The Wall Street Journal reported this week that…

Alibaba founder Jack Ma is not missing following speculation about his whereabouts, CNBC reported Tuesday. Ma is reportedly "lying low for the time being" as the Chinese Communist Party cracks down on Alibaba and Ma's financial tech firm, Ant Group. Over the weekend, Yahoo Finance reported that Ma had been…