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Jack Ma News
US blocks MoneyGram sale to China's Ant Financial on national security concerns
Wed, Jan 03, 2018
The US government has toughened its stance on the sale of companies to Chinese entities, at a time when Trump is trying to put pressure on China to help tackle North Korea`s nuclear ambitions and be more accommodative on trade and foreign exchange issues.
Alibaba's "Singles'' Day fest sale hits $25 billion
Sun, Nov 12, 2017
The company sold $25.38 billion (168.2 billion Chinese Yuan) worth of goods within 24 hours of its annual sales event, registering about 39% growth over its previous year`s sales of $18 billion during the one-day event in 2016.
Alibaba kicks off global shopping fest in China
Sat, Nov 11, 2017
Held on China`s Singles` Day, which falls on November 11, Alibaba Group Holding Limited`s shopping extravaganza is among the largest shopping events in the world.
Chinese spend billions on Singles' Day
Fri, Nov 11, 2016
Chinese shoppers spent more than $1 billion in the first five minutes of Singles Day on Friday, e-commerce giant Alibaba said in the world`s biggest online shopping promotion. Singles' Day -- named for the repeated digit 1 in the date November 11 -- was created by Alibaba in 2009.
Goldman Sachs APAC chairman Mark Schwartz joins Paytm board
Mon, Oct 24, 2016
Paytm announced on Monday that it has appointed Goldman Sachs Asia-Pacific (APAC) chairman Mark Schwartz to the company's board.
Jack Ma's Alibaba acquires stake in Steven Spielberg firm
Mon, Oct 10, 2016
Alibaba Pictures, a unit of Ma's sprawling e-commerce conglomerate, has taken a minority shareholding in Spielberg's Amblin Partners, a film creation company that includes DreamWorks studios.
Jack Ma, others agree $4.4 billion deal for Caesars online games
Sun, Jul 31, 2016
Giant is one of China`s biggest gaming companies, with nearly 50 million monthly active users and several top-grossing mobile titles. It was taken private in 2014 for $3 billion by a group of buyers that included company Chairman Yuzhu Shi and private equity firm Baring Private Equity Asia Ltd. It is now valued at more than $12 billion.
China e-commerce giant Alibaba's quarterly revenue leaps 39%
Thu, May 05, 2016
For the full financial year ended in March, net income rocketed 196% to $11.08 billion