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WEATHER ALERT

15 warnings and 3 advisories in effect for 13 regions in the area

JACK MA


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The economy and AI are likely to be among the top issues for China’s legislature

Read full article: The economy and AI are likely to be among the top issues for China’s legislature

Harnessing the power of artificial intelligence and shoring up the economy are among the issues expected to top the agenda when China’s legislature meets Wednesday in Beijing.

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What to expect when China's legislature meets this week

Read full article: What to expect when China's legislature meets this week

China’s annual major political event gets underway this week to endorse decisions already made by the all-powerful Chinese Communist Party.

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Stock market today: Wall Street rises to a record following a small gain for the S&P 500

Read full article: Stock market today: Wall Street rises to a record following a small gain for the S&P 500

Wall Street fluttered to a record after U.S. stock indexes drifted through a mixed day of trading.

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PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash

Read full article: PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork.

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China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

Read full article: China's Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo.

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Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

Read full article: Former CEO of China's Alibaba quits cloud business in surprise move during its leadership reshuffle

The former CEO of Alibaba has resigned as head of its cloud computing business in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle.

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Ant Group fined $985 million by Chinese regulators in signal that tech crackdown may end

Read full article: Ant Group fined $985 million by Chinese regulators in signal that tech crackdown may end

Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider broke laws related to corporate governance and consumer rights.

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Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Read full article: Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies.

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China e-commerce giant Alibaba outlines future strategy

Read full article: China e-commerce giant Alibaba outlines future strategy

Top executives of Chinese e-commerce and financial giant Alibaba says the company is moving toward giving up control of some of its business units in a transition toward becoming a capital operator to unlock the value of its sprawling businesses.

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Alibaba to split itself into 6 business groups

Read full article: Alibaba to split itself into 6 business groups

Alibaba is separating the company into six business groups as it looks to react faster to market changes and increase their value.

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Alibaba's Jack Ma returns to mainland China

Read full article: Alibaba's Jack Ma returns to mainland China

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school in the eastern city of Hangzhou where he discussed various topics including artificial intelligence.

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Will China's next premier be a moderating influence on Xi?

Read full article: Will China's next premier be a moderating influence on Xi?

The pro-business track record of the man poised to become China’s top economic official will make his term a test of whether he might moderate President Xi Jinping’s tendency to intervene.

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Chill pervades China's tech firms even as crackdown eases

Read full article: Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead.

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China's Ant Group says founder Jack Ma will give up control

Read full article: China's Ant Group says founder Jack Ma will give up control

Leading Chinese financial technology provider Ant Group has announced that its founder, e-commerce billionaire Jack Ma, will give up control of the company.

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Russia's Olympic doping case helps China skirt dicey topics

Read full article: Russia's Olympic doping case helps China skirt dicey topics

The doping scandal around Russian figure skater Kamila Valieva has been a Games-changer at the Beijing Olympics.

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EXPLAINER: What drives high-profile disappearances in China

Read full article: EXPLAINER: What drives high-profile disappearances in China

The disappearance of tennis star Peng Shuai in China following her accusations of sexual assault against a former top Communist Party official has shined a spotlight on similar cases involving political dissidents, entertainers, business leaders and others who ran afoul of the authorities.

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China tightens political control of internet giants

Read full article: China tightens political control of internet giants

After flourishing for two decades with little regulation, China’s internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda.

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China's Alibaba promises $15.5 billion for anti-poverty work

Read full article: China's Alibaba promises $15.5 billion for anti-poverty work

E-commerce giant Alibaba Group says it will spend $15.5 billion to support President Xi Jinping’s campaign to spread China’s prosperity more evenly.

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EXPLAINER: Risks underlie tumbling Chinese company shares

Read full article: EXPLAINER: Risks underlie tumbling Chinese company shares

Foreign shareholders in China’s tech companies are learning what its entrepreneurs have long known: The ruling Communist Party’s decisions about what is good for the economy can hurt your business.

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Warren Buffett says pandemic's impact still hard to predict

Read full article: Warren Buffett says pandemic's impact still hard to predict

Investor Warren Buffett said the economic impact of the pandemic remains hard to predict but most big companies have fared OK throughout it as long as they weren't tied to travel.

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Meituan's stock price plunges after CEO posts Chinese poem

Read full article: Meituan's stock price plunges after CEO posts Chinese poem

Shares in Meituan, China's largest food delivery platform, have tumbled after its CEO posted _and then deleted _ an ancient poem in a move widely seen as criticism of the Chinese government.

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Jack's back: Chinese e-tycoon ends silence with online video

Read full article: Jack's back: Chinese e-tycoon ends silence with online video

FILE - In this Oct. 12, 2018, file photo, Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. The normally voluble Ma disappeared from public view after he irked regulators by criticizing them in an Oct. 24 speech at a Shanghai conference. In his October speech, Ma complained regulators had an antique “pawnshop mentality” and were hampering innovation, according to Chinese media. In the video Wednesday, Ma, wearing a blue sweater over a white T shirt and gray trousers, smiled and waved to viewers. It included a scene the video said showed Ma visiting a school supported by his foundation on Jan. 10.

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China criticizes US order against dealing with Chinese apps

Read full article: China criticizes US order against dealing with Chinese apps

A card displaying QR codes to pay electronically with WeChat Pay and Alipay sits on a vendor's table at a farmer's market in Beijing, Tuesday, Oct. 27, 2020. China is accusing Washington of misusing national security as an excuse to hurt commercial competitors after President Donald Trump signed an order banning transactions with payment services Alipay and WeChat Pay and six other apps. Tuesday's order escalated a conflict with Beijing over technology, security and spying accusations that has plunged U.S.-Chinese relations to their lowest level in decades. Trump’s order cites unspecified concerns about apps collecting Americans’ personal and financial data and turning it over to China’s communist government. WeChat Pay is operated by rival tech giant Tencent.

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Where is Jack Ma, China's e-commerce pioneer?

Read full article: Where is Jack Ma, China's e-commerce pioneer?

FILE - In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. (AP Photo/Thibault Camus, File)BEIJING – China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. That has prompted a flurry of speculation about what might happen to Ma, China's biggest global business celebrity and a symbol of its tech boom. “The Jack Ma Era is ended,” wrote a blogger under the name Yueyue Talks Technology. Jack Ma dresses up in a leather jacket, sunglasses and wig to perform rock songs at Alibaba's annual employee festival in a Hangzhou.

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China steps up pressure on Alibaba with anti-monopoly probe

Read full article: China steps up pressure on Alibaba with anti-monopoly probe

Chinese regulators on Thursday, Dec. 24, 2020 announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries. (AP Photo/Ng Han Guan)BEIJING – Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up the ruling Communist Party’s efforts to control fast-growing tech industries. The ruling party says anti-monopoly enforcement, especially in tech industries, will be a priority next year. “Reports of platform monopoly problems are increasing by the day,” the ruling party newspaper People's Daily said in a commentary about the Alibaba probe. Alibaba said revenue rose 30% over a year earlier in the three months ending in September to 155.1 billion yuan ($23.4 billion).

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Closer look by Beijing at group buying and big tech

Read full article: Closer look by Beijing at group buying and big tech

Chinas market regulator will increase scrutiny and regulation around the community group buying industry in China, summoning some of its largest tech companies involved to discuss the matter as it looks to eradicate anti-monopoly practices in the industry. In a statement on Tuesday, Dec. 23, 2020, Chinas State Administration for Market Regulation said it had held a meeting with six internet platform companies, including e-commerce firms Alibaba, JD.com and Pinduoduo, to discuss the regulation of community group buying. (AP Photo/Firdia Lisnawati, File)HONG KONG – China is ramping up its scrutiny of the practice of community group buying, summoning some of the nation's largest tech companies for discussions as part of an anti-monopoly push. Community group buying allows groups of people living in the same town or region to buy groceries and other items in bulk at a discounted rate, a growing practice that is being facilitated by big tech companies. The Administration for Market Regulation also warned against illegally collecting and using customer data.

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Debut of Chinese e-finance giant derailed by fear of risks

Read full article: Debut of Chinese e-finance giant derailed by fear of risks

In this Friday, Oct. 23, 2020 photo, the figure of Ant Group's mascot is displayed at the Ant Group office in Hong Kong. In an unusual move, it was due to trade in both Shanghai for mainland investors and in Hong Kong for international buyers. Alipay was split off from Alibaba in 2011 and evolved into Ant Group. “This reminds us of how unpredictable China is,” said Au Yeung, who works in finance in Hong Kong. Zhang Yuan, a bank employee in Shenzhen, near Hong Kong, said she paid 34,400 yuan ($5,100) for 500 shares of Ant Group.

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Market debut of Chinese e-finance giant Ant Group postponed

Read full article: Market debut of Chinese e-finance giant Ant Group postponed

In this Friday, Oct. 23, 2020 photo, the figure of Ant Group's mascot is displayed at the Ant Group office in Hong Kong. Ma also founded Alibaba Group, the world's biggest e-commerce company by sales volume, which spun off its Alipay payments service to create the company that became Ant Group. “Views regarding the health and stability of the financial sector were exchanged,” Ant Group said in a prepared statement. In a joint statement, the Chinese central bank, securities regulator and other agencies said Monday they had “regulatory interviews” with Ma, Ant Group chairman Eric Jing and president Hu Xiaoming. It was renamed Ant Group ahead of its stock market debut.

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Here's why Ant Group is about to shatter IPO records

Read full article: Here's why Ant Group is about to shatter IPO records

The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. To tap both Chinese and global investors, Ant Group is listing its shares both in Shanghai and Hong Kong. Even before announcing its IPO plans, Ant Group was the world’s most valuable fintech company, with a valuation of $150 billion after a 2018 fundraising round. “Ant Group is much more than PayPal which only processes financial payments. Alibaba, which currently owns a third of Ant Group, spun off Alipay in 2011.

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Prince William, David Attenborough launch 'Earthshot' award

Read full article: Prince William, David Attenborough launch 'Earthshot' award

In this undated photo provided by Kensington Palace on Wednesday, Oct. 7, 2020, Britain's Prince William, right and Naturalist Sir David Attenborough disicuss the Earthshot Prize at Kensington Palace, in London. Prince William has launched the most prestigious global environment prize in history to tackle climate issues. William, who has been immersed in environmental issues all his life, said the same resources used to tackle the coronavirus pandemic should be devoted to saving the natural world. “It’s a matter of great urgency now.”William also spoke about how his seven-year-old son, Prince George, is getting concerned about what's going on in the world. He said his son was left so saddened by an Attenborough documentary about extinction that he told his father “I don’t want to watch this anymore."

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SoftBank's Son leaves Alibaba board following Ma's departure

Read full article: SoftBank's Son leaves Alibaba board following Ma's departure

Son, the chief executive of Japanese technology company SoftBank Group Corp. said Thursday, June 25, 2020, that he is stepping down from the board of Chinese e-commerce giant Alibaba. (AP Photo/Shizuo Kambayashi)TOKYO 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. Last month, Alibaba founder and Chinese billionaire Jack Ma left SoftBank's board. Earlier, SoftBank announced three new board members, including SoftBank Chief Financial Officer Yoshimitsu Goto and Waseda University professor Yuko Kawamoto. He is also chief executive of Cadence Design, a U.S. electronic design automation software and engineering services company.

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The Latest: India reports nearly 10,000 new virus cases

Read full article: The Latest: India reports nearly 10,000 new virus cases

(AP Photo/Mukhtar Khan)NEW DELHI: India reported a new rise of nearly 10,000 coronavirus infections Wednesday, with a total caseload of 276,583, the fifth highest in the world. The Health Ministry confirmed 9,985 new cases and 274 deaths in the last 24 hours. The figures from the Korea Centers for Disease Control and Prevention on Wednesday brought national totals to 11,902 cases and 276 deaths. ___BEIJING With much of the country re-opened under safety measures, China has announced three new confirmed cases of coronavirus, all brought from outside the country. China has reported a total of 4,634 deaths among 83,046 cases of COVID-19 since the virus was first detected in the central Chinese city of Wuhan late last year.

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China's companies emerge as global donors in virus pandemic

Read full article: China's companies emerge as global donors in virus pandemic

Ma's foundation also is giving ventilators, masks and other supplies in Africa, Latin America and Asia. The pandemic marks the debut of China's business elite as global humanitarian donors alongside their American, European and Japanese counterparts. Ma, Alibaba and other Chinese companies and tycoons are donating hundreds of millions of dollars of medical supplies, food and cash in dozens of countries. American companies including Walmart Inc. and Amazon.com Inc. have given medical supplies and money in Africa, India and Latin America. The company provides free online medical and psychological counseling services worldwide.

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