Technology

Billionaire Jack Ma’s company will support Vietnam’s digital transformation

According to information from the Vietnam Digital Communications Association (VDCA), this unit has just cooperated with Alibaba Cloud (belonging to Alibaba Group) to launch a program to support digital transformation for Vietnamese businesses. The program, called Alibaba Cloud Empowerment, will provide more than 2,000 local businesses with access to professional consulting services, a suite of […]

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Jack Ma and Tencent boss lost tens of billions of dollars because of Beijing’s blow

Since the Chinese government launched a campaign to tighten control of the technology industry, the personal assets of Jack Ma and Tencent Chairman Pony Ma have plummeted. Follow Bloomberg Billionaires IndexPony Ma’s total assets decreased by nearly 14 billion USD since Jack Ma’s Ant Group canceled its initial public offering (IPO) in November 2020. Currently […]

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China imposed $ 2.78 billion fine on Alibaba, launched investigation against the company last year

Shanghai: China’s regulators have fined the e-commerce giant Alibaba 18.2 billion yuan ($ 2.78 billion). The company has been fined for misusing market positions. The news agency Xinhua said that the Market Regulation Administration had assessed the fine after the Alibaba investigation began in December. According to Chinese regulators, Alibaba has violated anti-monopoly laws. Along […]

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Jack Ma’s CEO Ant Group resigns

13/03/2021 09:39 GMT + 7 As one of the contributors to the founding of Ant Group, the departure of Ho Hieu Minh as CEO will create insurmountable losses for Alibaba’s financial sector. On the evening of March 12, Ant Group CEO Ho Hieu Minh suddenly posted an internal email saying he would resign as CEO […]

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Bored of Jack Ma, young Chinese turn to idol Elon Musk

Losing confidence in the Chinese technology world, people in this country gradually see Elon Musk as a new hope. In China, Jack Ma-style tech idols were once seen as the driving force behind the country’s economic development. Now, they are despised by the people themselves for exploiting user data, abusing workers and stifling innovation. The […]

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Jack Ma’s prediction came true

Jack Ma predicts that in the future, many industries in China will shift from using human resources to replacing them with machines. In the past, many manual jobs such as fishing, farming or porters were the livelihoods of fishermen, farmers and construction workers. Today, however, those jobs are replaced by machines, with automatic watering machines, […]

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Jack Ma, seen after missing for several months, was missing worldwide

Alibaba and Ant Group co-founder Chinese industrialist Jack Ma have appeared in public after months of speculation, including an investigation into their internet empire. China’s most famous entrepreneur addressed teachers in an online conference on Wednesday. This program is part of an annual event related to the achievements of rural education, which takes place every […]

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Jack Ma missing after messing with Chinese government, was sentenced to speak against Jinping? Know what is known

Jack Ma, China’s third largest billionaire and owner of Alibaba Group, has been missing for the last two months. Since speaking against the Chinese government, he has neither appeared on any platform nor in any program. He had said in Shanghai’s speech – there is no matured financial system in China. Jack Ma had said […]