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Alibaba’s Daniel Zhang Will Leave Top Post, Replaced by Joseph Tsai

In late March, Daniel Zhang unveiled what was called the “most significant” overhaul in the 24-year history of Alibaba, one of China’s original technology conglomerates, splitting the company into six […]







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China’s Tech Rainmaker Vanishes, and So Does Business Confidence

On Valentine’s Day in 2015, two of China’s biggest ride-hailing start-ups, one backed by the tech giant Alibaba and the other by Tencent, announced they would merge after burning through […]




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Why China Is Changing Its Tone on Business

China’s leader, Xi Jinping, used his annual New Year’s Eve address in 2021 to laud the patriotic achievements of the Chinese people. In a year marked by crackdowns on tech […]







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Alibaba Downplays Singles Day for a Tense Time in China

Singles Day used to be the biggest, most unabashed celebration of consumerism on earth: a 24-hour online retail extravaganza, kicking off with a confetti-filled gala and culminating in stupendous piles […]




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China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk

Four decades ago, Deng Xiaoping declared that China would “let some people get rich first” in its race for growth. Now, Xi Jinping has put China’s tycoons on notice that […]







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Why China’s Young People Are Embracing Chairman Mao

They read him in libraries and on subways. They organized online book clubs devoted to his works. They uploaded hours of audio and video, spreading the gospel of his revolutionary […]




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Jack Ma Shows Why China’s Tycoons Keep Quiet

Jack Ma, the most famous businessman China has ever produced, is avoiding the spotlight. Friends say he is painting and practicing tai chi. Sometimes, he shares drawings with Masayoshi Son, […]