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 […]
Ma, Jack
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Back to news homeAlibaba, China’s E-Commerce Giant, Will Split Into 6 Units
The major restructuring, a possible precursor to I.P.O.s, was announced after Jack Ma, its founder, returned to mainland China after a yearlong absence. Read More
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 […]
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 […]
Jack Ma, Ant Group Founder, Will Relinquish Control
One of China’s most influential financial tech companies, Ant Group, said on Saturday that the billionaire entrepreneur, Jack Ma, planned to relinquish control of the company.Mr. Ma’s retreat from the […]
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 […]
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 […]
Alibaba Faces Reckoning Over Harassment
At an employee dinner, women were told to rank the attractiveness of the men at the table. During a team-building exercise, a woman was pressured to straddle her male co-worker […]
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 […]
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, […]