Tag: Jack Ma

FINTS Morning Brief (24 Oct 2016)

China Banking Regulatory Commission bans irregular inflow of loans or wealth management funds into the property sector: FINTS Jack Ma (founder of Alibaba), Pony Ma (Chairman of Tencent), Ma Mingzhe (Chairman of PingAn Insurance) and…


FINTS Morning Brief (22 September 2016)

Janet Yellen and the Federal Reserve’s FOMC have voted to leave interest rates unchanged, keeping Fed Funds at the target rate of 0.25% to 0.50%. Wednesday’s FOMC announcement also showed that the case for a…


Ant Financial looks to buy stake in Thailand’s Ascend Money

Ant Financial Services Group, Alibaba’s financial services affiliate and controlled by Alibaba’s founder Jack Ma, plans to buy a 20% stake in Ascend Money, a Thailand-based online payment provider, according to a statement on China’s…


Alibaba vows to crack down knock-offs on its platforms

Jack Ma, founder of Chinese e-commerce giant Alibaba, reportedly stated on its annual general meeting on Jun 14 that counterfeit or knock-off products made by China are of better quality than genuine ones. Despite that,…