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☆ Jack Ma, the poster boy of China's tech scene, is moving into the food business
▼ + stars: | 2023-11-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba cofounder Jack Ma just set up a new company called "Hangzhou Ma's Kitchen Food," per media reports. AdvertisementFor years, Alibaba cofounder Jack Ma has been the poster boy for China's tech industry — but it looks like he's moving on to the food business. On Wednesday, Ma incorporated a company called "Hangzhou Ma's Kitchen Food" in the city where Alibaba is based, according to media reports. Hangzhou Ma's Kitchen Food is wholly owned by Ma's investment vehicle, Hangzhou Dajingtou. His foundation, the Jack Ma Foundation, did not immediately respond to a request for comment from Business Insider.

Persons: Jack Ma, It's, Ma, —, He's, Supakit Chearavanont Organizations: Alibaba, Service, China Morning Post, National Enterprise, and Culture, Tokyo College, Charoen, Business Locations: Hangzhou, Alibaba, Hangzhou Dajingtou, Beijing, Spain, Netherlands, Japan, Thailand

☆ Jack Ma: Alibaba founder’s ‘Ma’s Kitchen’ is betting on the food business in China
▼ + stars: | 2023-11-27 | by ( Michelle Toh | Eric Cheung | ) edition.cnn.com time to read: +3 min

“Ma’s Kitchen” has registered capital of 10 million yuan ($1.4 million), the system showed. 22 Arts and Culture, of which Jack Ma has 99.9% ownership, according to Qichacha, a corporate data provider in China. The new firm has not publicly provided details on its business model, or what kind of food it will sell. The Jack Ma Foundation did not immediately respond to a request for comment on Monday. Jack Ma seen in Shanghai in 2018.

Persons: Taipei CNN —, Jack Ma, ”, Ma’s, Ma, —, Ben Cavender, Aly Song, Cavender Organizations: Taipei CNN, National Enterprise, and Culture, Euromonitor International, China Market Research, CNN, “ Locations: Hong Kong, Taipei, Hangzhou, China, Shanghai

3D printed clouds and figurines are seen in front of the Alibaba Cloud service logo in this illustration taken February 8, 2022. Two company sources told Reuters that Ma's move had generated a lot of discussion within the company, as did Jiang's post. Alibaba and the Jack Ma Foundation, the philanthropic organization that handles media queries for the billionaire, did not immediately respond to requests for comment. In her internal note, Jiang also repeated comments from Ma's family office shared with the Alibaba-owned newspaper South China Morning Post on Friday that Ma remained "very positive" about Alibaba and that his family trust eventually did not sell a single share. The company has also been grappling with some upheaval in its top ranks, welcoming a new CEO, Eddie Wu, in September.

Persons: Dado, Jack Ma's, Jiang Fang, Jiang, Jack Ma, Ma, Alibaba, Eddie Wu, Daniel Zhang, Casey, Jenny Wang, Brenda Goh, David Evans Organizations: REUTERS, Rights, HK, Reuters, Jack Ma Foundation, China Morning, Casey Hall, Thomson Locations: Rights SHANGHAI, BEIJING, Shanghai, Beijing

☆ Jack Ma's family trust to sell 10 mln shares in China's Alibaba
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

Nov 16 (Reuters) - Chinese billionaire Jack Ma's family trust is set to sell 10 million American Depository Shares of Alibaba Group Holdings (9988.HK), for about $871 million, the ecommerce company said in regulatory filings. The sale will be done on Nov. 21 by JSP Investment and JC Properties, funds that are part of the family trust. Alibaba and the Jack Ma Foundation, the philanthropic organization that handles media queries for the billionaire, did not immediately respond to requests for comment. U.S.-listed shares of Alibaba were down more than 3% in premarket trading ahead of its quarterly results. Reporting by Akash Sriram in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Jack Ma's, Jack Ma, Ma, Eddie Wu, Akash Sriram, Arun Koyyur Organizations: Alibaba Group Holdings, HK, JSP Investment, JC, Jack Ma Foundation, Thomson Locations: Ma . U.S, Alibaba, Bengaluru

☆ Former Starbucks CEO Howard Schultz steps down from board of directors
▼ + stars: | 2023-09-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks announced Wednesday that Howard Schultz is stepping down from its board of directors – but the former chairman’s name will be sticking around. Though Schultz is retiring, Starbucks is giving him the title of “lifelong Chairman Emeritus.”Schultz is stepping down as part of a planned transition, Starbucks said in a statement. He previously stepped down as CEO in March, as employees at stores across the nation moved to unionize. That was Schultz’s third time serving in the CEO role. Then, in April 2022, Johnson stepped down and Schultz took over the coffee giant as interim CEO.

Persons: Howard Schultz, –, Schultz, ” Schultz, Sheri, Wei Zhang, Zhang, Ralph Lauren Corporation, Jack Ma, ”, Laxman Narasimhan, “, Kevin Johnson, Johnson, Narasimhan Organizations: New, New York CNN, Starbucks, Alibaba, Alibaba Pictures, Los Angeles Sports & Entertainment Commission, Amblin Partners, Jack Ma Foundation, Starbucks Workers Locations: New York, China, Oleato

☆ Jack Ma started off as a school teacher and built China's Amazon. But 3 years after Beijing cracked down on his tech businesses, Ma's now turned to farming.
▼ + stars: | 2023-08-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Alibaba cofounder Jack Ma has invested in a new agrotech company in China. Ma largely vanished from public view since angering Beijing with a critical speech in October 2020. During his disappearance, Ma traveled the world and studied agrotech. Alibaba cofounder Jack Ma is leading an active retirement. Ma, a teacher turned tech titan, retired from Alibaba in 2019 but still sits on the board of the Jack Ma Foundation.

Persons: Jack Ma, Ma Organizations: Morning, South China Morning, Marine Technology, Culture Co, Tokyo College, Alibaba, Jack Ma Foundation Locations: China, Beijing, Hong Kong, Tokyo, Tianyancha, Zhejiang, Hangzhou, Spain, Netherlands, Japan, Thailand

☆ Jack Ma takes up visiting professorship in Japan
▼ + stars: | 2023-05-02 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Jack Ma has a new job: visiting professor in Japan. The Chinese billionaire has joined Tokyo College, under the University of Tokyo, according to a Monday statement on its website. In his role, Ma will work with researchers, serve as an adviser to the college and participate in seminars. In March, he visited a school funded by the Chinese tech giant in his hometown of Hangzhou, where he was seen meeting with students and teachers. Ma relinquished control of Ant Group in January as part of a shakeup of its shareholding structure.

☆ Jack Ma returned to China to visit a private school he founded, 2 years after he first vanished from public view amid Beijing's tech crackdown
▼ + stars: | 2023-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

On Monday, Alibaba co-founder Jack Ma visited a private school he founded in Hangzhou, China. Ma first vanished from public view after angering authorities in 2020 amid Beijing's tech crackdown. The private school caters to students from kindergarten to high school. Ma returned to China amid signals that Beijing may be taking a friendlier stance toward private enterprises after more than two years of a widespread tech crackdown. His visit follows a top Chinese central banker's comments in January that Beijing's tech crackdown was coming to a close.

Hong Kong/Beijing CNN —Jack Ma, the billionaire founder of Alibaba (BABA) and once one of China’s most prominent entrepreneurs, has made a rare public appearance in the country. Ma visited the city of Hangzhou and was seen meeting with students and teachers at the Alibaba-funded Yungu School. That intervention by regulators followed a speech from Ma in which he criticized China’s banks and financial regulators. In a statement to CNN about the trip, the Jack Ma Foundation said the Alibaba founder “travels very often in China and overseas.”“Mr. He paid a visit to Hangzhou Yungu School today and had a chat with teachers there on education,” a spokesperson said.

☆ After spending time in Japan and briefly appearing in Thailand, Jack Ma's now resurfaced in Hong Kong, where he's reportedly meeting with finance execs
▼ + stars: | 2023-01-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +2 min

This time he's in Hong Kong, meeting financial executives. He has kept a low profile and evaded public view since he ran afoul of Chinese authorities in 2020. He has now resurfaced again, and was seen in Hong Kong, meeting with financial executives, per a Friday report by the Hong Kong Economic Times. The news of his resurfacing in Hong Kong comes just weeks after Ant Group said Ma would be giving up control of his company. The speech angered Chinese authorities, brought scrutiny to his company and eventually led to a wide regulatory crackdown on Chinese tech companies.

☆ Chinese billionaire Jack Ma spotted in Bangkok - Thai media reports
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +2 min

BANGKOK, Jan 7 (Reuters) - Alibaba Group (9988.HK) founder Jack Ma was spotted socialising in Bangkok this week, having stayed out of the public eye since regulators in China launched a clampdown on his business empire in late 2021, social media posts and local media reports showed. Several local media also reported that Ma was at the restaurant with Supakit Chearavanont, Chairman of the Board of Charoen Pokphand Group (CP Group) and Charoen Pokphand Foods PCL (CPF.BK), Thailand's largest agribusiness group. Media also reported that Ma attended a boxing match at Bangkok's Rajadamnern Stadium where he posed with clenched fists for a photograph with Thai boxing champion Sombat "Buakaw" Banchamek. The Jack Ma Foundation did not immediately respond to Reuters' request for comment. Ma will give up control of the Chinese fintech giant Ant Group in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its $73 billion IPO was scupper two years ago.

☆ Jack Ma, the billionaire founder of Alibaba, disappeared from public view in 2020. He's been living in Tokyo for the past 6 months, new reports say.
▼ + stars: | 2022-11-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Alibaba group founder Jack Ma is now living in Tokyo, the FT reported. The once high-profile Ma angered the Chinese authorities in 2020 and has since vanished from public view. His words angered the Chinese authorities, prompting intense regulatory scrutiny on his businesses, and a wider crackdown on tech firms the country. This weighed on Chinese tech and property firms, sending the net worth of the country's richest plunging. He still sits on the board of the Jack Ma Foundation, which he founded.

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