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  Jack Ma retires from Alibaba today

Jack Ma, Alibaba founder and chairman, retires today. Today is the Teacher's day in China and also the 20th anniversary of Alibaba. It's a special day and also a memorable day for all Alibaba employees including employee No.1 Jack Ma. Ma steps down as chairman today as he promised 10 years ago when he was 45. Just a few years back in 2013, he left his position as Alibaba CEO. His successor will be Daniel Zhang who is the current CEO of Alibaba. After today, Jack will start his new life out...

   ALIBABA,RETIREMENT,JACK MA,NEWS,CHAIRMAN     2019-09-10 09:24:43

  Yahoo to change name to Altaba and becomes Alibaba's father

Yahoo, one of the most successful Internet giants in later 1990s, is now becoming a company living with selling assets(offices, domain names) and holding the stocks from Alibaba. Its core business which it was proud of has been sold to Verison with $4.8 billion as disclosed in some document submitted to SEC. Now it's starting the process of changing its name to Altaba. After the acquisition, the current Yahoo CEO Marissa Mayer will resign from the board. But the company will still keep some val...

   YAHOO,FATHER,ALIBABA,ALTABA,CHINA,NEWS     2017-01-15 04:07:24

  Alibaba subreddit has been banned from Reddit

The subreddit of Alibaba, the biggest e-commerce giant in China, has been banned from Reddit.The reason given is that this community has violated the Reddit rules. But no details about what rules are violated given by Reddit. If we now try to access https://www.reddit.com/r/alibaba, we will see below page. From the page, it says this subrredit has been banned 6 months ago. It's unknown whether this subreddit was created by Alibaba Group or by some other people. And it's unclear w...

   CHINA,ALIBABA,REDDIT     2015-09-28 03:20:12

  Alibaba IPO Live

Alibaba is going to launch its IPO at NYSE on 19th September. This will be the largest IPO in the history of US stock exchange. The opening price of Alibaba share will be $68 and its trade code is "BABA", in Chinese it means father. Alibaba is expected to get around $22 billion investment in its IPO. Want to witness this historic moment? Please join us for the live video from NYSE. Note this live stream is broadcasted with Chinese. We don't find the English source yet. We believe something is ...

   Alibaba,IPO,NYSE,Live     2014-09-19 06:51:25

  Alibaba starts IPO procedure

According to Hong Kong East Daily, Alibaba has submitted its IPO application to Hong Kong Stock Exchange. This marks the beginning of Alibaba's IPO procedure. It's expected to be listed in October at the earliest. It's valued as between $80 billion and $100 billion. It may raise $20 billion this round. If Alibaba is listed successfully, this will be the highest fund raising company in HSE's history. There is news that Alibaba will spend $7 billion to buy back the shares owned by Yahoo. Yahoo re...

   Yun Ma,Alibaba,IPO,HSE     2013-07-23 08:17:47

  Alibaba CEO Daniel Zhang is no longer president of Taobao Software Co. Ltd

According to a recent change record from Chinese company registration information portal, the Chinese e-commerce giant Alibaba Group CEO Daniel Zhang is no longer the president of TaoBao Software Co. Ltd. His successor is Shan Dai, who is one of the founders of Alibaba and now Taobao CEO. Along with the change, Daniel also quits as the president of Tmall technology company which is also one of the subsidiaries of Alibaba Group focusing on big brands. Taobao (China) Software Co., Ltd. was establ...

   CEO,ALIBABA,TAOBAO,DANIEL ZHANG     2022-04-24 07:45:48

  Alibaba launches NASA program

On March 9, the China E-Commerce giant Alibaba held its first internal tech conference in its headquarter Hangzhou. During this conference, Jack Ma, Alibaba founder, announced a new program code named "NASA" which aims to build up technologies serving 2 billion people in next 20 years by forming independent and powerful R&D department. On March 13, Alibaba formerly announced this program to the public. The research area of this program would include machine learning, chi...

   ALIBABA,NASA,CHINA,NEWS     2017-03-13 11:32:22

  Alibaba pays all cash to acquire Youku Tudou

Alibaba announced that it had signed the agreement to acquire "China's YouTube" YouKu Tudou on November 6 Beijing Time. This deal will make Alibaba the leading entertainment and media company in China. The highlight of this deal is that Alibaba will pay all cash. When this acquisition is completed, shareholders from Youku Tudou can get cash with $27.60 per ADS. The board has approved this acquisition and they are asking the shareholders to vote to approve this deal. This deal is expected to be ...

   CHINA,ALIBABA,YOUKU,NEWS     2015-11-06 20:26:31

  Why 102 years for Alibaba

In many occasions, Alibaba Group Founder Jack Ma expresses the idea that he wanted Alibaba to be live for 102 years(a strange number). But why 102 years, but not 100 years or some other years?  In an interview conducted by Stanford University, the interviewer, Yahoo Founder Jerry Yang, asked this question why Jack Ma wanted Alibaba to live 102 years. Jack Ma gave his answer to this question. "In China, everybody wanted to make a company last over 100 years. This becomes a slogan, nobody ta...

   JACK MA,ALIBABA,STANFORD UNIVERSITY,JERRY YANG     2016-02-24 09:46:47

  Jack Ma speaks within the company's intranet post PDD earnings report

On November 28th, PinDuoDuo(PDD) released its financial report for the third quarter of 2023, ending on September 30th. The revenue for the third quarter was 688.4 billion RMB, showing a year-on-year growth of 93.9%. The net profit, according to the U.S. General Accounting Standards, reached 15.54 billion RMB, with a net profit margin of 22.6%. PDD attributed its overall positive performance to the accelerated recovery of the consumer market and the vigorous implementation of its "high-qual...

   PDD,JACK MA,ALIBABA     2023-11-29 06:02:09

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