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Credit Suisse Silently Invested $100M In Alibaba Subsidiary Ant Financial, Set To Benefit Immensely In Public Debut
Monday, July 27, 2020 - 3:00am | 383Read More...Credit Suisse Group AG (NYSE: CS) is set to reap the benefits of a secret investment it made in Alibaba Group Holding Ltd. (NYSE: BABA) subsidiary Ant Financial Services Group, as the latter goes public in Hong Kong and Shanghai, Bloomberg reported Sunday. What Happened The...
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SoftBank CEO Masayoshi Son Stepping Down From Alibaba's Board
Thursday, June 25, 2020 - 3:37am | 350Read More...SoftBank Group Corp (OTC: SFTBY) CEO Masayoshi Son announced that he is resigning from the board of Alibaba Group Holding Ltd (NYSE: BABA) on Thursday. What Happened Son announced his resignation from Alibaba's board, effective the same day, at the end of SoftBank’s annual...
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Alibaba's Jack Ma To Resign From SoftBank's Board After 13 Years
Monday, May 18, 2020 - 12:07am | 462Read More...Alibaba Group Holdings Inc. (NYSE: BABA) co-founder Jack Ma is resigning from SoftBank Group Corporation's (OTC: SFTBY) board of directors, the latter said in a statement Monday (Tokyo time). What Happened Ma, who had been a member of SoftBank's board since 2007, will resign at the...
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Alibaba's Jack Ma Donates $14M For Coronavirus Vaccine Research Efforts
Thursday, January 30, 2020 - 1:59am | 448Read More...Alibaba Group Holdings Ltd. (NYSE: BABA) co-founder Jack Ma has donated $14 million (100 million yuan) towards the research efforts for developing a vaccine against the novel Coronavirus through his non-profit organization. What Happened $5.8 million from the donation will go towards two government...
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Alibaba's Ant Financial, Gaming Company Razer Apply For Singapore Digital Banking License
Thursday, January 2, 2020 - 7:12am | 408Read More...Alibaba Group Holding Ltd (NYSE: BABA) fintech subsidiary Ant Financial and gaming company Razer Inc (OTC: RAZFF) have joined the race to get Singapore's digital banking license. Ant Financial Seeks Wholesale License Ant Financial has applied for a wholesale bank license with the...
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Jeff Bezos Named Businessperson Of The Decade: Global CFOs Survey
Thursday, December 12, 2019 - 7:39am | 333Read More...A majority of financial executives worldwide said that they consider Amazon.com, Inc.’s (NASDAQ: AMZN) Jeff Bezos as the top businessperson of the decade, according to CNBC. CNBC’s latest Global CFO Council survey named Amazon’s founder, CEO, and president, Jeff Bezos the most...
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Alibaba Gets Approval For Hong Kong IPO
Thursday, November 14, 2019 - 1:09am | 350Read More...Alibaba Group Holding Ltd (NYSE: BABA) is going ahead with its planned Hong Kong IPO, CNBC reported on Wednesday. What Happened The Chinese e-commerce giant got the required regulatory approval from the city’s authorities on Tuesday, people close to the matter told CNBC....
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Alibaba Founder Jack Ma Tops China's Richest List, Again
Thursday, November 7, 2019 - 4:34am | 343Read More...Jack Ma, the founder of e-commerce giant Alibaba Group Holding Limited (NYSE: BABA), is the wealthiest person in China, the Forbes “China’s Richest 2019” list published on Wednesday shows. What Happened According to Forbes, Jack Ma’s net worth is $38.2 billion, putting him...
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To Celebrate Alibaba's Birthday, Jack Ma 'Returned To Where It All Started'
Tuesday, September 10, 2019 - 12:05pm | 462Read More...Tuesday marks Alibaba Group Holding Ltd (NYSE: BABA)'s 20th birthday, and to celebrate, outgoing co-founder and Chairman Jack Ma "returned to where it all started." What Happened Jack Ma was one of 18 Alibaba co-founders, and the company's early roots traces back to Ma...
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Alibaba Promotes CFO: What It Means For Investors
Tuesday, June 18, 2019 - 10:42am | 367Read More...Chinese e-commerce giant Alibaba Group Holding (NYSE: BABA) announced CFO Maggie Wu will be tasked with running the company's strategic investments unit, Reuters reported Tuesday. What Happened Wu will take over responsibility from Executive Vice-Chairman Joe Tsai, who was demoted to...
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Alibaba's Jack Ma Kicks Off Succession Plan
Monday, September 10, 2018 - 10:15am | 510Read More...Alibaba Group Holding Ltd (NYSE: BABA) stock was trading lower Monday following a confusing couple of days concerning iconic Alibaba founder and Executive Chairman Jack Ma’s future with the company. What Happened The New York Times reported Friday that Ma was planning to retire ...
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Today In Cryptocurrency: Jack Ma Says Bitcoin Is A Bubble, More Institutions Trading Cryptos
Monday, June 25, 2018 - 4:24pm | 481Read More...After a rough few weeks, the cryptocurrency market was solid on Monday, with most major cryptocurrencies trading slightly higher on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the move. Headlines Circle...
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4 Questions About Alibaba's Big Q1 Beat
Thursday, August 17, 2017 - 11:15am | 472Read More...Alibaba Group Holding Ltd (NYSE: BABA), China’s e-commerce behemoth, blew away expectations for the first quarter and left analysts wondering just how much sky is the limit. Alibaba broke out of the gate with a 7-percent spike before settling in at $166.10, up 4.3 percent at last check, after...
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Alibaba Launches Platform To Link US Businesses With 500 Million Chinese Consumers
Monday, July 10, 2017 - 10:01am | 580Read More...On the heels of a gathering designed to connect American entrepreneurs with the Chinese market, Alibaba Group Holding Ltd (NYSE: BABA) is launching an online network to pair businesses with merchants on the commerce giant’s Taobao marketplace. The Taobao Global U.S. Merchants Network will...
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4 College Degrees Jack Ma Says Will Be Valuable In The Future
Thursday, June 29, 2017 - 5:02pm | 574Read More...Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma recently discussed the ways the world is changing and the implications for the global economy in an interview with CNBC. Over the next 30 years, technology will evolve in a way that will make millions of jobs obsolete. While the transition will...
