Jack Ma

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Alibaba Honcho: Decades of 'Pain' Coming

Jack Ma says turmoil caused by internet is inevitable around the world

(Newser) - How's this for a bleak tech warning: "In the next 30 years, the world will see much more pain than happiness." It comes from Jack Ma, founder of the online Chinese retailing behemoth Alibaba, as quoted by Bloomberg . "Social conflicts in the next three decades will... More »

Fortune Names World's 10 Best Leaders

Theo Epstein, Jack Ma top the list

(Newser) - The world's greatest leaders aren't necessarily heading countries. Indeed, the greatest leader is US politics is an Army general, according to Fortune 's fourth annual list of the world's 50 greatest leaders. However, each individual on the list—43 of whom appear for the first time—... More »

Alibaba Founder: US Spent $14T on the Wrong Thing

'You're supposed to spend money on your own people,' not war, Jack Ma said

(Newser) - Tempted to blame China for your economic woes, America? Take a look in the mirror instead. That was the message of Alibaba founder Jack Ma Wednesday at the World Economic Forum in Davos, Switzerland, where he wagged a finger at the US for blowing $14 trillion on war efforts over... More »

What Trump Talked About With China's 2nd-Richest Man

Trump and Jack Ma had a 'great meeting'

(Newser) - Donald Trump met with Jack Ma, currently China's second-richest man , Monday, calling it a "great" discussion. Ma's e-commerce company Alibaba "claims it can create 1 million US jobs by helping small businesses sell their products to China and Asian consumers," the AP reports. Ma told... More »

World's Richest Band Together, Launch $1B Fund

Bill Gates is leading clean energy technology venture

(Newser) - Bill Gates has lined up more than a dozen of his fellow billionaires to go where many investors now fear to tread: cleaner energy technologies. Gates announced Sunday night that he's leading the Breakthrough Energy Ventures fund, which plans to invest up to $1 billion in technology that could... More »

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 »

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