Alibaba

China’s leading water bottler has a blistering stockmarket debut“WE ARE NOT manufacturers of water. We are porters of nature.” So goes a famous quip by Zhong Shanshan, the 66-year-old founder and boss of Nongfu Spring, China’s most popular brand of bottled water. On September 8th the Hangzhou-based bottler listed on…

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An Indian court has summoned Alibaba and its founder Jack Ma in a case in which a former employee in India says he was wrongfully fired after objecting to what he saw as censorship and fake news on company apps, documents seen by Reuters showed.The case comes weeks after India…

Ant Financial Services Group, the fintech subsidiary of Jack Ma’s Alibaba Group, is set for an Initial Public Offering (IPO) on both the Hong Kong Stock Exchange and Shanghai Stock Exchange’s STAR board. The details Announcing the development early Monday morning through a press statement that was published on its…

New York City has the largest billionaire population of any city in the world. Lucas Jackson/Reuters Nearly a third of the world's billionaire population is concentrated in just 15 cities, according to Wealth-X's recently released annual Billionaire Census.Strong tech industries have fostered considerable wealth in several cities across the world,…

Hi Guys! It’s the end of another busy week in the global tech space. A lot happened over the past few days, from Apple’s Worldwide Developers Conference to other stories of funds raising and new product releases. Here is a quick roundup of some of the major stories you might have missed.…

SoftBank Group founder Masayoshi Son announced Thursday he was leaving the board of Alibaba as Jack Ma, the charismatic co-founder of the Chinese e-commerce giant, also leaves SoftBank's board. Son made the unexpected move at SoftBank Group's shareholders' meeting after his company said last month Ma was leaving its board,…

TOKYO (AP) — Masayoshi Son, the chief executive of Japanese technology company SoftBank Group Corp., said Thursday that he is stepping down from the board of Chinese e-commerce giant Alibaba.Son announced the change at the end of SoftBank's general shareholders' meeting. He emphasized that the decision was a “happy” one…

This follows last month's announcement the Alibaba's Jack Ma will be leaving SoftBank's board. Billionaire business magnate Masayoshi Son said he will be stepping down from the board of Chinese e-commerce major Alibaba Group Holding. The announcement was made by the SoftBank Group CEO at the end of the company's annual…

SoftBank’s Masayoshi Son left the board of Alibaba on June 25. Son’s departure follows poor dealings with WeWork and Wirecard. Industry analysts say the absence of Son and Jack Ma at Alibaba and SoftBank’s boards is a big loss. SoftBank was already having a bad year, due to its dealing…