Jakarta – Ant Group Co. officially completed the procedure to remove the main controller of the company, namely the founder, Jack Ma. This is a follow-up to Jack Ma’s resignation as controller at Ant Group. Ant Group is a financial sector technology company affiliated with Alibaba. Jack Ma previously had full control of the company … Read more
877 billion dollars – this is how much online shopping giant Alibaba and fintech company Ant have lost from their market value since their peak, according to CNN calculations. The two companies suffered badly after their co-founder Jack Ma publicly criticized Chinese authorities in the fall of 2020. By all accounts, however, the regulatory crackdown … Read more
[Voice of Hope March 31, 2023](comprehensive report by our reporter Han Mei) China is in economic trouble. Ma Yun, who had been punished before, has recently transformed into a signboard for the CCP to attract foreign investment from private enterprises. The Wall Street Journal quoted people familiar with the matter on March 30 as saying … Read more
Jakarta – Since criticizing the financial system the Chinese government towards the end of 2020, life Jack Ma not the same anymore. His wealth plummeted, he never made public appearances, and he was often outside of China. The business has been messed around a lot. As quoted detikINET from AFP, the Chinese government seemed to … Read more
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KOMPAS.com – Relationship Jack Ma and the Chinese government seems to be heating up. The latest news says that the company owned by Jack Ma, Ant Group, is looking for a way to get Ma to release his stake in Ant Group and give up his power. That said, the strategy emerged after Ant Group … Read more
Jakarta, CNBC Indonesia – Ant Group is reportedly exploring options for company founders, Jack Ma, to divest its shares. This could help to attract scrutiny by Chinese regulators looking to restructure Ant Group. This is the Reuters report, citing a number of sources as reported by CNBC Indonesia, Sunday (18/4/2021). Reuters reports for the first … Read more
Jakarta, CNN Indonesia – Business empire Jack Ma received two crushing blows, in line with the tightening of Government oversight China towards affiliates Alibaba Group. Most recently, Chinese regulators ordered Alipay’s Alibaba Group affiliate, Ant Group, to overhaul its operations into a holding finance company overseen by the central bank. The directive was issued on … Read more
Jakarta, CNN Indonesia – Government-launched anti-monopoly research China against the business octopus Jack Ma, Alibaba and Ant Group, it is suspected that it will lead to nationalization. Quoting IB Times, the investigation indicated a plan by the Chinese Communist Party (CCP) for Alibaba to be taken over by the country. Song Qing, an insider in … Read more
【Epoch Times News January 02, 2021】AlibabafounderMa Yun, Suddenly absent from his own “African entrepreneurs“Reality TV” TV show, which originally served as the final judge seat, has also been changed toAlibabaSenior executive Peng Lei replaced. The British “Financial Times” reported on January 1,Ma YunIn 2019, the Charity Foundation took the lead in the “African entrepreneurs“Reality Show” … Read more
【Epoch Times News January 02, 2021】AlibabafounderMa Yun, Suddenly absent from his own “African entrepreneurs“Reality TV” TV show, which originally served as the final judge seat, has also been changed toAlibabaSenior executive Peng Lei replaced. The British “Financial Times” reported on January 1,Ma YunThe Charity Foundation led the “African entrepreneurs“Reality Show” (Africa’s Business Heroes, also known … Read more