Tag: Alibaba

• Saturday, September 26th 2020 - 08:24 UTC

  Bottled water king Zhong, the richest man in China ahead of Ma's Alibaba

  

  A businessman who spun his wealth from bottled water and vaccines has usurped tech tycoon Jack Ma as China's richest man, the Bloomberg Billionaires Index showed this week.

• Tuesday, November 27th 2018 - 09:14 UTC

  China's richest man with a US$ 35.8bn fortune is member of the Communist Party

  

  Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached.

• Tuesday, November 27th 2018 - 08:03 UTC

  Brazil's Minerva and Alibaba agree on five-year beef supply deal to China

  

  Brazilian food company Minerva SA has signed memorandums of understanding with China's Alibaba and another five clients in the world's most populous nation to supply frozen beef for a period of five years.

• Wednesday, December 7th 2016 - 12:16 UTC

  Japanese tech firm meets Trump and pledges to invest US$ 50bn in the US

  

  Shares of Japanese technology firm Softbank have soared to their highest level in more than one year in Tokyo trade, jumping 5% at the open. That is on news Chief Executive Masayoshi Son said he will invest US$50bn in US businesses. But details are lacking on where the money will go and how it will benefit American businesses.

• Tuesday, December 15th 2015 - 07:27 UTC

  FIFA signs first sponsorship deal (since corruption scandal) with China's Alibaba Group

  

  FIFA has signed its first sponsorship deal since the corruption scandal engulfed world football's governing body. The eight-year agreement with Chinese company Alibaba Group, the world’s largest online and mobile commerce company, is for the Club World Cup spanning 2015 through 2022.

• Thursday, March 13th 2014 - 23:31 UTC

  China ready to set up private banks as it takes steps to open financial sector

  

  Internet firms Alibaba and Tencent have been shortlisted as pioneers of a pilot scheme to set up private banks in China, as the country takes steps to open up its financial sector. A total of ten companies have been selected to set up private banks.