Tag: Jack Ma
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Billionaire’s absence from public eye sparks uproar
The absence of billionaire founder of Alibaba and Ant Group, Jack Ma from the public since late October 2020 has sparked an uproar. Recall that on October 24, Ma delivered fiery remarks against China’s financial system to an audience of high-rank officials. Days later the Chinese authorities abruptly halted Ant’s initial public offering, an act…
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Bottled-water businessman dethrones Jack Ma to become China’s richest person
Zhong Shanshan, a bottled-water and vaccine tycoon added almost $52 billion to his fortune this year, dethroning Alibaba’s founder, Jack Ma to become the richest person in China. TheNewsGuru.com (TNG) reports Shanshan’s net worth reached $58.7 billion on Wednesday, $2 billion more than Jack Ma’s net worth, according to the Bloomberg Billionaires Index. Shanshan is…
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Jack Ma cashes out on Alibaba, firm’s filing reveals
Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8 per cent from 6.2 per cent, cashing out around 8.2 billion dollars at its current share price, the firm’s annual filing released on Friday showed. The divestment comes as Jack retired as the Chinese e-commerce…
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COVID-19: Chinese billionaire announces more donation to Africa
Jack Ma, the founder of Alibaba Group, on Monday announced the donation of more medical equipment to Africa in the fight against the COVID-19 pandemic. The Chinese billionaire made the announcement on his verified Twitter handle. Ma twitted: “Our 3rd donation to Africa will immediately be made to @_africanunion and @AfricaCDC. “This includes 4.6 million…
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NCDC clears air test kits donated by Jack Ma are being sold
The Nigeria Centre for Disease Control (NCDC) has rebutted claims that test kits donated by Chinese business mogul Jack Ma are being sold for different purposes. Recall that Nigeria recently received a consignment of medical supplies donated by Jack Ma, the founder of Alibaba The Chinese billionaire had used his foundation to forward millions of…
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Coronavirus: Jack Ma’s medical kits donation arrives Nigeria
A consignment of medical supplies donated by Jack Ma, the founder of Alibaba, has arrived Nigeria. The Chinese billionaire had used his foundation to forward millions of face masks, testing kits and other protective equipment to Africa as the continent battles to arrest the spread of COVID-19, a deadly disease caused by coronavirus. A cargo…
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Coronavirus: Africa receives 5.4m masks, 1m testing kits from Jack Ma
Massive medical supplies donated by China’s Jack Ma Foundation to 54 African countries to battle coronavirus, arrived on Sunday morning in Addis Ababa, through an Ethiopian Airlines cargo flight. They include 5.4 million face masks, kits for 1.08 million detection tests, 40,000 sets of protective clothing and 60,000 sets of protective face shields, according to…
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Breaking: Paper reveals foremost Chinese billionaire political leaning
Chinese billionaire, Jack Ma, co-founder and executive chairman of e-commerce giant, Alibaba Group, a multinational technology conglomerate, has been identified as a member of China’s Communist Party. TheNewsGuru (TNG) reports the Chinese business magnate, investor, and philanthropist was identified as a member of the Communist Party by the People’s Daily in a list of people…