HANGZHOU, CHINA - AUGUST 28: Alibaba Group Chairman Jack Ma attends 2019 Global Conference on Women and Entrepreneurship on August 28, 2019 in Hangzhou, Zhejiang Province of China. (Photo by VCG/VCG via Getty Images)
Jack Ma has retired as chair of Alibaba Group, the world‘s biggest e-commerce business.Ma is one of China’s wealthiest and most distinguished business leaders. He stepped down as Alibaba’s chief on his 55th birthday. The movement was part of a process announced a year ago.
The company has downshifted specific focus on assisting China’s expanding consumer market and adequately developed into online banking, entertainment and cloud computing. Domestic businesses accounted for 66% of its $16.7 billion in revenue in the quarter ending in June.
Alibaba’s deputy chairman, Joe Tsai, told reporters in May the company is “on the right side” of issues in U.S.-Chinese trade talks. Tsai said Alibaba stands to benefit from Beijing’s promise to increase imports and a growing consumer market.
According to Amer Bahbouha, professor of geography and specialist in meteorology, we will quickly have…
The members of the Security Council expressed their deep concern over reports of the discovery…
The police force this evening burst into the headquarters of the Maison de l'Avocat as…
The public prosecutor's office at the Sousse Court of First Instance has issued Arrest Warrants…
According to Mosaïque FM's sources, journalists Borhène Bsaïes and Mourad Zeghidi are currently being interrogated…
The arrest warrant issued against Sonia Dahmani was executed a short time ago and, according…
This website uses cookies.