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Jack Ma

Alipay Launched Credit Rent

On October 10, Alipay officially announced that it would introduce free deposit and monthly-pay rent service in eight cities. It is reported that the first batch of cities are Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi’an and Zhengzhou. If users’ Zhima Credit（芝麻信用）exceeds 650, they can enjoy deposit exemption and pay rent monthly. It is worth […]

Jack Ma Just Ate His Own Words

He Swore ‘Never Do Games Business’ While Now Enter Game Industry in High Profile In June 2010, when talking to the then Chinese Premier Wen Jiabao, Alibaba Chairman Jack Ma said, “we firmly believe games couldn’t change China. China pursues single-child policy. If children play games all the time, what will our country be like […]

Alibaba is on the heels of Amazon

Gap of Market Value between Alibaba and Amazon is Just 1.3% Narrowing Nearly 100 Billion Dollars in Past Two Months. By September 22nd, Amazon’s market value was $456.5 billion and Alibaba‘s was $450.7 billion. Their gap was just 1.3%. Almost two months ago, the gap in market value between these two companies reached $100 billion. […]

Alibaba will establish their own shopping mall—“More Mall”

Jack Ma marked the year 2017 as the first year of Alibaba’s retail business. From 2017, Alibaba business empire expands its territory—involved in the convenience stores with Lingshoutong (零售通), supermarkets with Hema Xiansheng (盒马鲜生) and Bailian (百联), department stores with the privatized Yintai (银泰), and local life service platform with Koubei (口碑). In the whole […]

The Richest Man in China Now Is No Longer Jack Ma

Just recently, Pony Ma surpassed Jack Ma as being China’s richest man! According to Forbes recently updated real-time rankings statistics, Pony Ma’s personal net assets have reached 36.9 billion USD, ranking him 18th in Forbes listing of the richest people in the world. For the first time, he has surpassed the founder of Alibaba, Jack […]

Meituan CEO talked about relationships with BAT

The more you try to do, the more enemies you’ll make. Meituan Dianping has learned this lesson through experience. In its early days, the company organized discounted group purchases; later on it became an online movie ticket retailer. Over the years it also tried its hand at takeout, catering and travel services. More recently, Meituan […]