Alibaba has become a mainstay in the tech world since Jack Ma co-founded the company from his apartment in Hangzhou, China about two decades ago. It runs massive e-commerce, payments, logistics and cloud computing businesses.
SoftBank chairman and CEO Masayoshi Son sits down with CNBC's David Faber to discuss what he expects from the future of the tech sector.
SEOUL/ TOKYO, March 11- SoftBank Group Corp has expanded its appetite for early-stage startups, with a venture capital unit set to launch its biggest fund for early investments as it opens new offices in Asia. The global fund from newly rebranded Seoul- based SoftBank Ventures Asia will be worth as much as $500 million and could launch next month, its CEO JP Lee told...
SoftBank chairman and CEO Masayoshi Son discusses SoftBank's Vision Fund, Uber's IPO, Masa's 300-year plan, the future of AI, Sprint/T-Mobile's merger and more.
SoftBank CEO Masayoshi Son joins CNBC's David Faber to discuss the value of WeWork and why he sees it more than just a real estate company. They also look at SoftBank's valuation and debt. Son also states he's an Alibaba believer.
Alibaba is China's largest e-commerce platform. Alibaba first threw its hat into the U.S. market in 2014 when it IPO'd at the New York Stock Exchange. Shortly after its IPO, Alibaba tried to dip its toe into America's consumer market through an e-commerce website called 11 Main. The website was shut down just a year after it launched. Since then, Alibaba has focused its efforts on capturing American businesses, not American consumers.
BEIJING/ SHANGHAI, Feb 28- The big upset at the 2019 Oscars by "Green Book" was a victory for its Chinese investor Alibaba Pictures, but there is no guarantee the best-picture winner will be a hit when it opens this week in China where viewers prefer blockbusters. "Django Unchained," an award-winning Western involving black slaves directed by Quentin Tarantino, was...
A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing.
*Q3 profit of 33.05 bln yuan vs 21.28 bln yuan estimate. *Revenue 117.3 bln yuan; below 118.9 bln yuan estimate. SHANGHAI, Jan 31- E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent.
*Net income 33.05 bln yuan vs 21.28 bln yuan estimate. *Q3 revenue 117.3 bln yuan; below 118.9 bln yuan estimate. SHANGHAI, Jan 31- E-commerce giant Alibaba Group Holding Ltd reported quarterly profit far above market expectations and played down worries of Chinese economic slowdown and U.S. tariff effects, sending its shares up 6 percent.
*Q3 revenue 117.3 bln yuan; below 118.9 bln yuan estimate. *Net income 33.1 bln yuan vs 21.2 bln yuan estimate. Alibaba, the second most valuable public company in Asia after Tencent, posted on Thursday third-quarter revenue of 117.28 billion yuan, compared with 83 billion yuan a year earlier.
*US-China trade war has become anti- China problem- exec. HONG KONG, Jan 25- A senior Alibaba executive slammed the United States' treatment of China's Huawei Technologies as "extremely unfair", saying measures by the country to curb the firm's access to their markets was "very politically motivated". Joe Tsai, the e-commerce giant's executive vice-chairman, also...
Your first job may not always feel like the most inspiring. But according to billionaire businessman Jack Ma, it's crucial.
The Alibaba founder said Wednesday that history shows technological innovation is a primary factor behind global conflicts.
January is National Mentoring Month in the U.S., marking an opportunity to celebrate those who have helped our careers, as well as providing a chance to find someone to guide our future aims.
Steven Lam may be the co-founder and CEO of Hong Kong's first billion-dollar start-up, but he's in no hurry to buy his own home — something that young people today rank as one of the most important milestones in their lives.
Steven Lam describes his journey co-founding GoGoVan.
Snap's former Chief Strategy Officer Imran Khan recently left the social media company to start his own e-commerce business which will put him in competition with tech juggernaut Amazon.
The state-backed People's Daily released a list of people that the Communist Party wishes to honor for "their contributions to the reform and opening up." Jack Ma, co-founder of Alibaba, was one of the names mentioned.
Jack Ma, the head of e-commerce giant Alibaba Group 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.