Saturday, 22 July 2017 NAIROBI: China’s Alibaba expects its revenue to expand by 45% to 48% in its fiscal year from April as more small businesses join its online community in search of sales, executive chairman Jack Ma said on Thursday. Alibaba had revenue of US$22.99 billion in its year …
Read More »Jack Ma praises Malaysia for its speed
Wednesday, 19 July 2017 CHINESE business magnate Jack Ma has praised Malaysia’s strength, tenacity and speed in implementing digital projects, saying he was “shocked” by how fast the country got going. The Alibaba Group founder said what he thought was “impossible” for Malaysia to do, Malaysia came through. Ma, who …
Read More »Local companies urged to capitalise on air cargo industry
Friday, 7 July 2017 SEPANG: Local companies need to act quickly to grab the opportunities and participate in the Kuala Lumpur International Airport (KLIA) cargo space which is currently having an exciting growth as foreign interest grows. Transport Minister, Datuk Seri Liow Tiong Lai said Alibaba Group founder Jack Ma …
Read More »Jack Ma richer by US$2.8 billion in just one day
Saturday, 10 June 2017 Hong Kong: Jack Ma’s net worth surged US$2.8 billion overnight as Alibaba Group Holding Ltd forecast sales growth topped every analyst’s estimate, despite China’s decelerating economy. Ma, 52, is now the richest person in Asia and 14th wealthiest in the world, according to the Bloomberg Billionaires …
Read More »Jack Ma champions UN e-commerce drive for development
Wednesday, 26 April 2017 GENEVA: Alibaba executive chairman Jack Ma said the Internet should be a utility available to the whole world, putting his weight behind a UN call for e-commerce to boost developing economies and help fight poverty. Ma, who advises the United Nations trade and development agency UNCTAD …
Read More »DFTZ will be a business run by Malaysians
Friday, 24 March 2017 KUALA LUMPUR: Alibaba Group founder/executive chairman Jack Ma wants the newly-launched digital free-trade zone (DFTZ) to be a Malaysian business run by Malaysians, instead of the group. Ma said the e-hub should focus on looking for partners and empowering them. “We want to make sure that …
Read More »World’s first Digital Free Trade Zone
Wednesday, 22 March 2017 KUALA LUMPUR: The development of the Digital Free Trade Zone is a world’s first, said the Prime Minister. The zone would benefit entrepreneurs by offering a conducive environment for digital companies to carry out their business. “The initiative is part of the recently launched National E-Commerce …
Read More »Alibaba to launch regional distribution hub in Malaysia
Monday, 20 March 2017 KUALA LUMPUR: Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said. The hub would be sited within KLIA Aeropolis, a 24,700-acre development …
Read More »Serious jail time for counterfeiters, says Jack Ma
Tuesday, 7 March 2017 HONG KONG: Billionaire Alibaba-founder Jack Ma wants China’s top lawmakers to come down harder on fake goods, the very same plea voiced by global brands who’ve accused the e-commerce service of harbouring knock-offs. The Alibaba Group Holding Ltd. chairman appealed to the National People’s Congress …
Read More »Jack Ma tells Donald Trump about new e-commerce plan
Tuesday, 10 January 2017 NEW YORK: Alibaba executive chairman Jack Ma met US President-elect Donald Trump on Jan 9 and laid out the Chinese e-commerce company’s new plan to bring a million small US businesses onto its platform to sell to Chinese consumers over the next five year, an Alibaba …
Read More »