Representational photo: Jack Ma

Photo: The Economic Times

Billionaire Jack Ma Suspected Missing Amidst Chinese Scrutiny

Chinese billionaire and 'Alibaba' owner Jack Ma is speculated to have been abducted as his whereabouts are unknown since November 2020. Ma's disappearance came into light after he was replaced by another Alibaba executive as a judge in his show 'Africa's Business Heroes' for its final episode. Reportedly, the Chinese regime had started cracking-down on Ma's Alibaba and ANT group following his criticism of the country's financial regulation… read-more

Mon, 04 Jan 2021 - 04:33 PM / by Harsh Vardhan

Tags: Jack Ma, Alibaba, Ant Group, China

Courtesy: Business Today

Jack Ma

Photo: Office Chai

Ant Group Halts IPO Process; Jack Ma Loses $3 Billion

Ahead of the world's biggest Initial Public Offering (IPO), Ant Group's listing at the Shanghai and Hong Kong markets was halted after the company's owner Jack Ma was called for a "supervisory interviews". Also, Ma lost $3 billion after Alibaba's shares at the New York trading slipped by 8.1%. The IPO, which attracted orders worth $3 trillion, would have propelled Jack Ma to become Asia's richest person.

Wed, 04 Nov 2020 - 07:08 AM / by Mahadevan K V

Tags: Jack Ma, Ant Group, IPO, Regulatory Filings

Courtesy: Live Mint

Ant Group - Jack Ma

Photo: The Wall Street Journal

Jack Ma's Ant Group IPO Attracts Orders Worth $3 Trillion From Investors

Alibaba's Jack Ma-backed Chinese fin-tech firm Ant Group's Initial Public Offering (IPO) has attracted orders worth $3 trillion by individual and institutional investors in Hongkong and Shanghai markets. Interestingly, the bids are equivalent to the UK's GDP and higher than India's GDP. Reportedly, the IPO is expected to bag $34.5 billion, breaking the previous record of Saudi Aramco ($29.4 billion). Reportedly, the company will begin trading… read-more

Fri, 30 Oct 2020 - 08:52 PM / by Mahadevan K V

Tags: IPO, Ali Baba, Ant Group, Investments, HONGKONG, China

Courtesy: Business World

Ant Group

Photo: Newstrack

China's Ant Group Eyes World's Largest Share Market Debut

Alibaba's founder Jack Ma-backed Chinese fin-tech giant Ant Group is eyeing to make world's largest share market debut by selling stocks worth $34.4 billion. The company plans to sell only 11% of shares on Hong Kong and Shanghai stock markets on November 5. Reportedly, investors from Singapore and Abu Dhabi have already shown interest in purchasing shares. Ant Group owns digital payment app 'Ali Pay' and offers various financial services.

Tue, 27 Oct 2020 - 01:27 AM / by Mahadevan K V

Tags: Jack Ma, Ant Group, Alibaba, Investment

Courtesy: BBC