Free Press Journal
  • Ma to step down next year, names Zhang as successor

    Beijing : Jack Ma, the pioneer of China’s internet industry, announced on his 54th birthday on Monday that he would step down as Alibaba’s executive chairman in one year to make way for the next generation of leaders at the $420 billion e-commerce giant.

  • Alibaba’s co-founder Jack Ma to retire next year

    Bengaluru/Beijing: Alibaba’s Executive Chairman Jack Ma will step down in September 2019 and hand over the reins to Chief Executive Daniel Zhang, the Chinese e-commerce giant said on Monday. Ma, who co-founded the company almost 20 years ago which now is the world’s biggest e-commerce behemoths, said in a letter to his employees that “transition demonstrates that Alibaba has stepped up from a company that relies on individuals, to one built on

  • Alibaba chairman Jack Ma to step down in September 2019, Daniel Zhang to be next chairman

    Beijing: 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.

  • Alibaba co-founder Jack Ma’s retirement: What it means for India

    New Delhi: That he speaks impeccable English despite being a Chinese comes from the fact that Jack Yun Ma, Co-Founder and Executive Chairman of e-commerce behemoth Alibaba, graduated from Hangzhou Teacher’s Institute with a major in English and later became a teacher, imparting lessons in the same language. Strange are the ways in which tech honchos function: News about a change of guard came via his interview on Friday with The New York

  • Alibaba co-founder Jack Ma announces retirement at 54; do you know his net worth?

    San Francisco: Alibaba co-founder and chief Jack Ma announced he will leave from the Chinese e-commerce giant Monday to devote his time to philanthropy focused on education. Ma was an English teacher before starting Alibaba in 1999 and built it into a multibillion-dollar internet colossus.

  • Alibaba to invest USD 5 billion in Mukesh Ambani’s Reliance Retail?

    In what might be called as a major joint venture (JV), China’s Alibaba has reportedly initiated talks with Mukesh Ambani’s Reliance Retail. Alibaba, the Chinese e-commerce giant is all set to invest in Reliance Retail, and acquire some stake to make an entry into the Indian market.

  • Alibaba predicts 20 years of ‘enviable’ growth for China

    Beijing: The Chinese economy will overcome the difficulties it is facing currently and will continue to occupy an enviable position over the next two decades, Jack Ma, founder and chairman of e-commerce giant Alibaba, said on Wednesday. China will face “a difficult three to five years” but continue growing at a rate “enviable to most other major economies for another 15 to 20 years”, Efe news quoted Ma as saying.

  • alibaba

    Alibaba founder Jack Ma biggest billionaire gainer of 2014

    New Delhi: Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says. According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this year as his fortune increased 173 per cent, largely due to Alibaba’s blockbuster IPO in September and the subsequent