Jack Ma

Hong Kong recently notched its best quarter in five years for new listings, but the deal flow now faces fresh snags.

Telcos, Media & Tech

Jack Ma’s Yunfeng, Hillhouse plan investing in Victory Giant’s US$2 billion listing: sources

The firms are planning to participate as cornerstone investors

The company says its system is designed to reduce administrative burdens and make consultations more efficient, rather than replace doctors.

Global Enterprise

Jack Ma-backed Ant bets on AI health in 480 billion yuan sector race

The move comes with risks in a digital health sector littered with companies that scaled quickly, but struggled to turn a profit

Ant is investing in AI as it seeks a new chapter after the regulatory crackdown that ended about two years ago.

Banking & Finance

Jack Ma-backed Ant’s profit grew 10% after AI, global expansion

The company contributes 2.7 billion yuan of profit to Alibaba Group Holding

Jack Ma’s comeback has long been awaited as a signal that the country’s previously freewheeling tech sector is returning to favour in Beijing.

International

Jack Ma returns with a vengeance to ‘Make Alibaba Great Again’

The company is still recovering from a series of missteps under Daniel Zhang

Ant revamped its business model and undertook an organisational overhaul after a Chinese regulatory crackdown that followed its aborted listing in 2020.

Companies & Markets

Jack Ma-backed Ant’s profit dives 60% after AI, global expansion

ANT Group’s quarterly profit fell 60 per cent, after the Chinese digital payments giant made more inroads overseas and invested in artificial intelligence (AI) to grow its revenue.

"It’s the responsibility of technologists to ensure that AI knows and supports humankind," Jack Ma says.

International

Alibaba’s Jack Ma wants AI to serve, not lord over, humans

The company, which built its success on e-commerce in China, has pivoted aggressively into AI in recent years

Ant has been working on ways to train LLMs more efficiently and eliminate that constraint.

Telcos, Media & Tech

Jack Ma-backed Ant touts AI breakthrough built on Chinese chips

While not the most advanced, the H800 is a relatively powerful processor and is currently barred by the US from China

Ant Group attributed the sizeable profit to a net investment gain, versus a loss from such activity the previous year.

Banking & Finance

Ant Group’s profit rises with Jack Ma back in the public eye

The Hangzhou-based online finance firm contributed nearly 4.49 billion yuan of profit to Alibaba Group.

On Feb 17, Alibaba CEO Jack Ma and other entrepreneurs met at a symposium in Beijing with Xi Jinping – which is widely seen as a sign that private sector tech is back in favour.

Global Enterprise

Xi’s rehabilitation of Jack Ma may be the most lucrative ever

Why China’s leader is making nice with the country’s tech billionaires

A giant screen shows news footage of Huawei founder Ren Zhengfei speaking next to BYD CEO Wang Chuanfu and New Hope's founder and Chairman Liu Yonghao at a symposium on private enterprises with Chinese President Xi Jinping (not pictured), at a shopping complex in Beijing on Feb 17.

International

NEWS ANALYSIS

Xi’s new frontline corporate guard showcases his priorities, control

WHEN President Xi Jinping hosted entrepreneurs at a rare meeting in Beijing in 2018, the executives granted coveted front-row seats came from industries ranging from high-tech to energy, and few were ...

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