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Jane Zhang

Articles by Jane Zhang

Jack Ma visits Dutch research institutes as Alibaba’s founder pursues post-retirement passion in agriculture technology

October 26, 2021

[unable to retrieve full-text content]Jack Ma, the founder of the world’s largest e-commerce platform Alibaba Group Holding, is visiting research institutions in the Netherlands to further his interest in the technology of agriculture, according to people familiar with his first overseas trip in more than a year.Ma, who retired as Alibaba’s chairman in 2019 on his 55th birthday, is undertaking his study tour in his personal capacity, according to the people.The former English teacher was photographed visiting a number of Dutch…

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Alibaba earmarks 100 billion yuan towards China’s common prosperity goal, responding to call to narrow nation’s wealth gap

September 2, 2021

[unable to retrieve full-text content]Alibaba Group Holding, the world’s largest e-commerce platform, said it will set aside 100 billion yuan (US$15.5 billion) towards promoting “common prosperity” in China, making the biggest single corporate pledge in response to a government call to narrow the nation’s wealth gap.The allocation will be disbursed before 2025 to promote investments in technology, support small businesses, foster development in rural areas, help small business expand overseas and improve the welfare among gig…

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E-commerce giant Alibaba’s home province wants to become a global digital trade hub by 2025

June 30, 2021

[unable to retrieve full-text content]Eastern China’s Zhejiang province, home to the country’s largest e-commerce company Alibaba Group Holding, is planning to become a global digital trade hub as the country pins its future economic prospects on the digital world.By 2025, the province expects value added from the digital economy to account for 60 per cent of its gross domestic product (GDP), up from 46.8 per cent in 2020, according to its 14th five-year plan published on the Zhejiang government’s official website on Tuesday.The 28…

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China’s semiconductors: how Wuhan’s challenger to Chinese chip champion SMIC turned from dream to nightmare

March 20, 2021

[unable to retrieve full-text content]When Cao Shan promised he could build a chip plant to challenge China’s reigning chip champion, Shanghai-based Semiconductor Manufacturing International Corporation (SMIC), the Wuhan local government was quick to jump on board.

The promises of semiconductor glory were music to the ears of local authorities that had been trying to claim the high ground in China’s burgeoning semiconductor manufacturing industry. Their dream of claiming the number one spot, however, has over the past 12 months…

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China kicks off antitrust probes into Alibaba over alleged monopolistic practices, as regulators summon Ant to meet

December 24, 2020

[unable to retrieve full-text content]China’s antitrust regulator has officially started investigations into Alibaba Group Holding over alleged monopolistic business practices including a requirement for e-commerce merchants to pick only one platform as their exclusive distribution channel.Separately, China’s central bank said it would summon Ant Group’s executives for a meeting with the financial regulators covering banking and insurance, securities and foreign exchange, as it tightens regulations on the fintech industry.The…

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Chinese tech firms pledge more help for street stalls, small vendors after premier’s comments

June 3, 2020

[unable to retrieve full-text content]Major tech platforms – including Tencent Holding’s ubiquitous app WeChat, mobile payments platform Alipay and e-commerce platforms and Suning – announced new plans to help street vendors and smaller retailers recover from the impact of the coronavirus pandemic after Premier Li Keqiang described small businesses as the driving force behind China’s economy.On Monday, Li said the Chinese government will provide more support for street stalls and small businesses as they are an important…

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