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China slaps record $2.7B fine on Jack Ma’s Alibaba

"Alibaba accepts the penalty with sincerity and will ensure its compliance with determination," the Hangzhou-based company said in a statement.

Alibaba fined USD 2.8 billion on competition charge in China

Alibaba was fined for “abusing its dominant position” to limit competition by retailers that use its platforms and hindering the “free circulation” of goods.

Alibaba’s Jack Ma resurfaces after months out of public view

"#JUSTIN: #JackMa not disappear, here we go: Ma just had a video conference with 100 village teachers on Wednesday morning, saying: after #COVID19, we'll meet each other again," tweeted Qingqing Chen, Chief Reporter of Global Times News, a China state-affiliated media.

China’s bigger push to control big tech

Whatever the reality behind Jack Ma’s govt relations, the actions are part of steps by Beijing to increase tech regulation

As Jack Ma goes missing, China sends a stern message

This incident took place within months of property tycoon Ren Zhiqiang being sentenced to 18 years of imprisonment. Experts said that this would lead to an environment of extreme uncertainty

Alibaba to shut down Xiami music app on Feb 5

Alibaba acquired the music service to compete in China's online music market, which is dominated by Tencent Holdings.

Jack Ma ‘disappears’ after conflict with Chinese govt

The Financial Times reported that Ma was recently replaced as a judge in the final of TV show 'Africa's Business Heroes'.

Process, Policy and People

Redefining the three Ps is must to critically assess our vulnerabilities and rectify our faults

Jack Ma steps down from SoftBank board

The heavily indebted SoftBank did not give any reason.

New York gets 1,100 ventilators with help from China, Oregon

New York is the pandemic's US epicenter, with over 113,700 confirmed cases as of Saturday morning.

Jack Ma joins Twitter, says masks, test kits on way to US

"The first shipment of masks and coronavirus test kits to the US is taking off from Shanghai. All the best to our friends in America," Ma tweeted.

Let’s fight terror: PM Modi

At UNGA, Prime Minister Modi asks international community to stand united against terrorism

Advanced AI set to manipulate social media soon: Musk

Musk said that computers will one day surpass humans in "every single way".

Advanced AI set to manipulate social media soon: Musk

"If AI has a goal and humanity just happens to be in the way, it will destroy humanity as a matter of course without even thinking about it. No hard feelings."

Selfie of Success, authored by Burra Venkatesham, is a literary triumph

But, Selfie of Success by IAS officer Burra Venkatesham is unique in its own way because it speaks about success in 360 degrees.

Actress Dia Mirza, Alibaba chief among 17 new ‘SDG Advocates’ of UN

The new class of ‘SDG Advocates' are 17 influential public figures "committed to raising awareness, inspiring greater ambition and pushing for faster action on the SDGs,”

Jack Ma, China’s richest man, is a Communist Party member  

The billionaire's Communist bona fides were revealed by the People's Daily, the party's official mouthpiece, in an article praising contributors to China's development.

Alibaba’s Jack Ma to retire next year, Daniel Zhang to succeed

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

Jack Ma quits Alibaba group – A look at his journey

Jack Ma, who will turn 54 on September 10, amassed a wealth of US$38.6 billion and is the living example of a rags-to-riches story. He has been listed among the most powerful men in the world by Forbes and Times, several times.

Alibaba’s Jack Ma to retire

For Chinese tycoons to step aside in their 50s is rare; they usually remain at the top of their organisations for many years.

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