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(Eagle News) — Jack Ma, founder of the Alibaba Group, has pledged to give half a million face masks to the Philippines to help in the country’s fight to contain the spread of the coronavirus disease, the Department of Finance said. Finance Secretary Carlos Dominguez said hat Ma had committed the delivery of the masks at the latest by early next week through the Jack Ma Foundation and the Alibaba Foundation. Dominguez said that […]
(Eagle News) – “United we stand, divided we fall.” Noted Chinese billionaire and business magnate Jack Ma said this in a statement on Friday, March 13, as he offered to give half a million testing kits and a million face masks to the United States. This was after the US — where confirmed coronavirus cases hit more than 1,200 and 33 deaths due to the virus — reported a severe shortage of testing kits […]
by Dan Martin SHANGHAI, China (AFP) — Jack Ma steps aside on Tuesday as chairman of Alibaba, ending a spectacularly successful 20-year run during which the charismatic former English teacher’s e-commerce company left a profound impact on China’s economy. Ma, who turns 55 on Tuesday, hands the reins of the company he co-founded to a team of executives led by CEO Daniel Zhang. Ma intends to put his $41 billion fortune toward philanthropic projects such […]
SHANGHAI, China (AFP) — Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual “Singles Day” shopping frenzy, but growth slowed from previous years. The world’s biggest 24-hour shopping event, celebrating its tenth year, kicked off early Sunday and once again shattered its own sales mark as Chinese online buyers seized on promotions to snap up everything from electronics to clothing and housewares. Sales rose 27 percent, compared with […]
HONG KONG, China (AFP) — Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the US had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday. The billionaire owner of China’s largest online shopping portal made the headline-grabbing promise to Donald Trump last year, as Beijing courted the then-newly elected president. But Ma told Xinhua that his pledge had been made on the basis […]
BEIJING, China (AFP) – Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. “While remaining as executive chairman in the next 12 months, I will work closely with Daniel […]
by Julien Girault Agence France Presse BEIJING, China (AFP) — Chinese e-commerce giant Alibaba on Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform. Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue from its core business, the online retailer said. The New York-listed firm added 98 million active […]
BANGKOK, Thailand (AFP) — E-commerce giant Alibaba is steering resources towards driverless car technology, its CEO Jack Ma confirmed on Thursday, joining a global race to shape the future of driving. Despite fresh safety fears after a woman was hit and killed by a self-driving Uber vehicle in the US last month, many tech giants like Google as well as automakers are accelerating plans in an industry attracting billions of dollars. The competition is heating […]
by Pol Costa Agence France Presse DAVOS, Switzerland (AFP) — “Artificial intelligence and robots will kill many jobs.” It’s a depressingly blunt statement for anyone to make, but even more so as it is the prediction of Jack Ma, CEO of the Chinese online sales giant Alibaba. The rise of AI — its huge potential and fears over its potentially negative consequences — is just one of the big issues discussed at the World Economic […]
(Eagle News) — Magpapadala ang gobyerno ng Pilipinas ng delegasyon sa China sa susunod na taon para makipagpulong kay Chinese Tech Magnate Jack Ma tungkol sa mga kaparaanan na matiyak ang healthy financial regulatory environment at madevelop ang e-Commerce sa Pilipinas. Ayon kay Finance Secretary Carlos Dominguez III, plano nilang bisitahin si Jack Ma sa Enero ng susunod na taon matapos makatanggap ng imbistayon para sa mas malalim pang talakayan sa China. Si Dominguez ay […]
NEW YORK, United States (AFP) — President-elect Donald Trump and China’s billionaire founder of e-commerce giant Alibaba held “great” talks in New York on Monday focused on creating US jobs and enabling trade with Asia. The incoming Republican president, who will be sworn in as commander-in-chief in less than two weeks’ time having never previously held elected office, has made job creation a key promise of his incoming administration. His team said the meeting between […]
