Jack Ma to resign from SoftBank board
SoftBank announced that the co-founder of Alibaba, Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son. The departure of Ma, who retired as Alibaba’s executive chairman in September, comes as he pulls back from formal business roles to focus on philanthropy
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After TikTok, Trump indicates banning Alibaba, other Chinese firms in US
WASHINGTON: US President Donald Trump has indicated that he was looking to ban other Chinese-owned companies, including e-commerce giant Alibaba in the United States, days after signing an executive order targetting TikTok's parent company, ByteDance, an American TV channel reported. These banned clones include Tiktok Lite, Helo Lite, SHAREit Lite, BIGO LIVE Lite and VFY Lite.
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Indiatimes
Jack Ma tops the list of China’s most influential business leaders
Fortune China released a list of China’s 50 most influential business leaders in 2020 and Jack Ma ranked first ahead of tech giants like Ren Zhengfei (CEO of Huawei). Leaders were ranked not only on the basis of their company’s success but the leadership qualities to lead the company through the crisis and find a new direction. The CEO of Alibaba showed great strength during the coronavirus crisis
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Chinaorg
Alibaba founder Jack Ma is sending two million masks to Europe
Jack Ma, the founder of Chinese online retail giant Alibaba, has announced that he is sending a consignment of two million face masks and medical equipment to Belgium to help European governments in the fight against the COVID-19 pandemic. The first consignment of 500,000 masks will head to Italy, with Ma also committing to provide 500,000 testing kits and a million masks for the coronavirus effort in the US.
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Reuters
WeWork's future uncertain amidst delayed Softbank financing talks
WeWork, Adam Neumann's co- working and living startup, had its initial public offering pulled from the market by Japanese owners Softbank Group Corp amidst controversy regarding the company's management. Softbank has now failed to secure an additional 3 billion USD needed to keep WeWork afloat as part of a 9 billion USD bailout, with all three of its banks hitting internal limits on loans.
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Reuters