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Jack Ma

Alibaba’s Jack Ma steps out from the shadows with morale-boosting post

SHANGHAI: Alibaba co-founder Jack Ma has penned a lengthy memo to employees that expresses support for the internet...

Published 10 Apr, 2024 12:13pm

Business & Finance

Alibaba scraps cloud business spin-off citing US chip curbs

SHANGHAI: Alibaba Group on Thursday scrapped plans to spin-off its cloud business, citing uncertainties created by...

Published 17 Nov, 2023 06:06am

Technology

Chinese tech giant Alibaba names next CEO

BEIJING: Chinese tech giant Alibaba said Tuesday it will replace its top boss in a surprise move at the e-commerce...

Published 20 Jun, 2023 10:59am

Business & Finance

Restructuring of Alibaba to enhance decision-making: CEO

SHANGHAI/HONG KONG: Alibaba Group’s restructuring will allow all its business units to become more agile and...

Published 03 Apr, 2023 06:36am

Technology

Jack Ma living in Japan after China tech crackdown: FT

TOKYO: Alibaba founder Jack Ma has been living in Tokyo for almost six months after disappearing from public view...

Updated 30 Nov, 2022 02:48pm

Business & Finance

Alibaba shares sink amid Ant shake-up, earnings risks

HONG KONG: Shares in Chinese e-commerce giant Alibaba fell for the third day in a row following reports of founder...

Published 29 Jul, 2022 05:27pm

Markets

India's year of the unicorn: Startups in spotlight of 2021 tech boom

MUMBAI: Sumit Gupta has had a big year -- turning 30, getting married and seeing his startup become one of India's...

Published 31 Dec, 2021 09:29am

Business & Finance

Mobile payments firm Paytm kicks off India’s biggest IPO

MUMBAI: India’s biggest-ever initial public offering opened Monday with digital payments platform Paytm looking to...

Published 09 Nov, 2021 04:48am

World

China likely to target biggest payment app Alipay in tech crackdown

BEIJING: Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the...

Published 14 Sep, 2021 03:55am

Business & Finance

Alibaba executive says founder Jack Ma lying low

"The idea that Jack has this enormous amount of power, I think that's not quite right," Tsai said. "He is just like you and me, he's a normal individual."
Alibaba was also fined $2.8 billion in April for anti-competitive business practices.

Published 15 Jun, 2021 07:40pm

World

Jack Ma to step down as president of his business school

BEIJING: Chinese billionaire Jack Ma, founder of ecommerce giant Aibaba, is going to step down as president of the...

Published 25 May, 2021 04:40am

Business & Finance

China investigates Ant Group's IPO approval process

The central-government investigation, which started early this year, focuses on "regulators who greenlighted the initial public offering, local officials who advocated it and big state firms that stood to gain from it", according to the report.
Ma's relationships with these "state stalwarts" are also being examined as part of the investigation, the report said.

Published 27 Apr, 2021 08:36pm

Markets

China's Ant explores ways for Jack Ma to exit as Beijing piles pressure

The Wall Street Journal previously reported that Ma had offered in a November meeting with regulators to hand over parts of Ant to the Chinese government.
Ant denied that a divestment of Ma's stake was ever under consideration. "Divestment of Mr. Ma's stake in Ant Group has never been the subject of discussions with anyone," an Ant spokesman said in a statement.

Published 17 Apr, 2021 05:37pm

Markets

China extends crackdown on Jack Ma's empire with enforced revamp of Ant Group

Ant Group to become a financial holding firm.
China tightening controls on 'platform economy'.
Revamp is stricter than expected – analyst.

Published 12 Apr, 2021 08:21pm

Business & Finance

Ant Group to overhaul business as Beijing clamps down

Apply to set up a financial holding company to ensure its financial-related businesses are fully regulated.
'Jiebei' and 'Huabei', the company's two credit subsidiaries, will be run by its consumer finance company which will be operated in compliance with relevant laws and regulation.

Published 12 Apr, 2021 06:42pm

Business & Finance

Events leading up to China's $2.75 billion fine on Alibaba

The Alibaba business empire has come under intense scrutiny in China since its billionaire founder Jack Ma’s stinging public criticism of the country’s regulatory system in October.

Published 10 Apr, 2021 02:46pm

World

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.

Published 10 Apr, 2021 01:24pm

Business & Finance

China fines Alibaba record $2.75 billion for anti-monopoly violations

The penalty, equivalent to around 4% of Alibaba’s 2019 revenues, comes amid an unprecedented regulatory crackdown on home-grown technology conglomerates in the past few months that have weighed on company shares.

Published 10 Apr, 2021 10:12am

World

China asks Alibaba to divest media assets

BEIJING: Beijing has asked Chinese e-commerce titan Alibaba to divest its assets in the media sector out of concern...

Updated 16 Mar, 2021 09:38am

World

Jack Ma's Ant IPO blocked by Chinese government, after probe revealed political beneficiaries

Last year, Chinese premier Xi Jinping blocked Ant Group's initial public offering, as it was speculated that the decision was based on Jack Ma's public criticism of Jinping's financial oversight campaign, and that it could add risk to the financial system.
A group of well-connected Chinese power players backed the company; including those linked with political families that pose a potential challenge to Jinping's authority.

Updated 17 Feb, 2021 05:05pm

Markets

Alibaba sets initial price guidance on $5bn bond offering

It is selling the debt in four tranches which also includes 30 and 40-year bonds, the term sheet showed.

Published 04 Feb, 2021 11:36am

Business & Finance

Chinese state newspaper omits Jack Ma from list of entrepreneurial leaders

. Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.

Published 02 Feb, 2021 10:22am

Markets

Alibaba's shares surge as Jack Ma reappears

Shares in Alibaba soared 8.5 percent to HK$265.00 in Hong Kong.

Published 20 Jan, 2021 05:42pm

Business & Finance

China’s Jack Ma makes first video appearance since Ant crackdown

Jack Ma decided to say goodbye to Alibaba in 2018 and was last seen at a conference in October last year criticizing Chinese government regulators, after which he disappeared raising global concerns.

Published 20 Jan, 2021 11:39am

World

Alibaba's Jack Ma makes first public appearance since Oct in online meeting

Tianmu News, a news portal under Zhejiang Online.

Published 20 Jan, 2021 11:14am

Business & Finance

Jack Ma's disappearing act fuels speculation about billionaire's whereabouts

The Financial Times reported on Friday that Ma was replaced as a judge in the final episode in November of a game show for entrepreneurs called Africa's Business Heroes.
Chinese regulators have zeroed in on Ma's businesses since his October speech including launching an antitrust probe into Alibaba.

Published 04 Jan, 2021 07:14pm

Markets

China stocks climb on upbeat industrial profit data

Hong Kong shares of Alibaba Group Holding Ltd fell 7% and were on course for a sixth straight session of decline.

Published 28 Dec, 2020 11:57am

World

Jack Ma: tycoon who soared on China's tech dreams grounded by regulators

Eyebrows were raised when the state-run People's Daily revealed that he is a member of the Communist Party -- something Ma has never fully commented on.

Updated 24 Dec, 2020 11:16am

Business & Finance

China begins anti-monopoly investigation into Alibaba

State media have repeatedly called for tighter oversight of these firms, warning of potential financial instability as a result of their unregulated rapid growth.

Published 24 Dec, 2020 09:13am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.03
USD PKR Interbank Buying / Jan 1	277.78
USD to Japanese Yen / Jan 1	151.80
USD to Swiss Franc / Jan 1	0.91
Pound Sterling to USD / Jan 1	1.27
Euro to USD / Jan 1	1.09

Stock	Volume
S&P 500 / Jan 1	5,202.39
India Sensex / Jan 1	74,742.50
Tokyo Nikkei / Jan 1	39,570.01
Nasdaq / Jan 1	16,253.96
Hang Seng / Jan 1	16,723.92
FTSE 100 / Jan 1	7,943.47
Dow Jones / Jan 1	38,892.80
Germany DAX 30 / Jan 1	18,318.97

Item	Value
Crude Oil USD/Barrel / Jan 1	86.79
Karachi Cotton PKR/37.32 KG / Jan 1	21,735
Gold 10 Grams PKR / Jan 1	210,648
Gold Spot USD/Ounce / Jan 1	2,340.41

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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