Free Press Journal
  • 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 creates over 36.8mn jobs in 2017

    Beijing: Chinese e-commerce giant Alibaba created over 36.8 million jobs in 2017 via its expansive retail ecosystem, a report showed. The company’s various e-commerce platforms like Tmall and Taobao, which cover over 500 million consumers, offered about 14.05 million jobs to online retailers in 2017, Xinhua news agency quoted the Renmin University of China report as saying.