Jack Ma

5 Stories

Chinese President Says 'Cheese' With US Tech Giants

Zuckerberg even put on a suit for the occasion

(Newser) - One way to get the head of Apple to visit the Microsoft campus: Tell him it's picture day with the president of China. Tim Cook and other technology bigwigs—including Facebook's Mark Zuckerberg, Amazon's Jeff Bezos, and Alibaba's Jack Ma—gathered yesterday in Redmond, Wash., for... More »

Alibaba Founder Says Being Filthy Rich Is a 'Great Pain'

Jack Ma says he's 'not happy,' that spending money is harder than it seems

(Newser) - Jack Ma feels your pain—that is, if you regularly experience the pain of being extremely, insanely rich and have to endure spending all your money all the time. The Alibaba founder spoke yesterday to CNBC from Alibaba headquarters in Hangzhou, China, telling David Faber that being China's richest... More »

Investors Love Alibaba: It Passes Facebook's Market Value

It opens 35% higher than IPO price

(Newser) - Alibaba's long-awaited debut on the New York Stock Exchange hasn't disappointed. The Chinese e-commerce behemoth opened at $92.70 per share, about 35% above its IPO price of $68, reports USA Today . The frenzied demand pushed the company's market value to $228.5 billion, ahead of even... More »

Biggest IPO Ever: Chinese Dynamo Alibaba Sets Price

At $68 per share, e-commerce giant will raise at least $22B

(Newser) - Alibaba, the Chinese e-commerce powerhouse , is ready to strike it rich on the New York Stock Exchange. The company priced its initial public offering of stock at $68 per share today, the top end of the expected range, setting the stage for what is expected to be the biggest ever... More »

Behind Alibaba: An English Teacher Who Can't Code

Jack Ma built a titan, and that titan only kinda trusts him

(Newser) - Jack Ma did not code Alibaba in his college dorm room. Indeed, Ma can't code a lick, and claims he doesn't understand technology. Yet the 49-year-old former English teacher is the force behind an e-commerce giant that accounts for 60% of all packages shipped through China's postal... More »

5 Stories