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China tells banks, state firms to report exposure to Jack Ma’s Ant Group

Multiple regulators, including the banking watchdog, recently told institutions under their oversight to closely examine all exposure they had to Ant, its subsidiaries and even its shareholders up to January.
A least a dozen Chinese banks have been paring their years-long cooperation with Ant on consumer lending since the clampdown.(Reuters)
A least a dozen Chinese banks have been paring their years-long cooperation with Ant on consumer lending since the clampdown.(Reuters)
Published on Feb 22, 2022 12:00 PM IST
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Bloomberg |

Jack Ma, Trump and Xi: The story of Chinese billionaire's fall

Alibaba's government relations team was told by Chinese officials that Beijing was unhappy about Ma meeting Trump without its prior approval, two of the people close to the company said.
US President-elect Donald Trump walks from an elevator with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York.(REUTERS)
US President-elect Donald Trump walks from an elevator with Alibaba Executive Chairman Jack Ma after their meeting at Trump Tower in New York.(REUTERS)
Published on Nov 05, 2021 11:08 AM IST
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Reuters |

Billionaire Alibaba founder Jack Ma reappears in Hong Kong: Report

The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators.
Jack Ma, billionaire founder of Alibaba Group.(REUTERS)
Jack Ma, billionaire founder of Alibaba Group.(REUTERS)
Published on Oct 13, 2021 11:50 AM IST
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Reuters |

Ant is not exploring way for Jack Ma to sell his stake, denies report

  • Reuters reported earlier that officials from the People’s Bank of China and the China Banking and Insurance Regulatory Commission held talks with Ma and Ant separately between January and March, where the possibility of Ma’s exit was discussed.
Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China. (REUTERS)
Alibaba Group co-founder and executive chairman Jack Ma attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China. (REUTERS)
Published on Apr 18, 2021 09:14 AM IST
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Bloomberg |

Jack Ma’s fortune jumps $2 billion after record Alibaba fine

Alibaba’s American depositary receipts climbed 9.3% on Monday in New York, their biggest jump in almost four years. For Jack Ma, the founder of the e-commerce giant, it meant his fortune increased by $2.3 billion to $52.1 billion, according to the Bloomberg Billionaires Index.
FILE PHOTO: Jack Ma, billionaire founder of Alibaba Group, arrives at the
FILE PHOTO: Jack Ma, billionaire founder of Alibaba Group, arrives at the "Tech for Good" Summit in Paris, France May 15, 2019. REUTERS/Charles Platiau/File Photo(REUTERS)
Published on Apr 13, 2021 09:41 AM IST
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Bloomberg | | Posted by Harshit Sabarwal
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