Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy.

Alibaba shifts focus away from New Retail, selling Intime and facing challenges in the Chinese market. See here to know why ...

Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

He also dropped $23 million on a property in New York's Adirondacks ... More from Retail Following is a transcript of a video. Narrator: Jack Ma is China's richest man, with an estimated worth ...

Jack Ma was set to become China's richest man again ... News agency Reuters reported that banks were lending vast amounts of money to retail investors. How a little Ant became a financial giant ...

BEIJING, Dec 9 (Reuters) - Alibaba (9988.HK), opens new tab co-founder Jack Ma voiced confidence in its affiliate Ant Group's future, seeing significant opportunities in artificial intelligence ...

The management changes were announced as part of the company's twentieth anniversary celebrations which also featured a speech from Alibaba and Ant Group founder Jack Ma. Ma said the artificial ...

The Alibaba cofounder Jack Ma was once the ... By the mid-2010s, Ma started dreaming beyond China. In 2014, Alibaba started trading on the New York Stock Exchange, making Ma the richest person ...

Jack Ma's backing for the so-called "996 system" is being hotly debated in the Chinese media. Last week, Mr Ma wrote that without the system, China's economy was "very likely to lose vitality and ...

The once vaunted "New Retail" model, a term coined by Alibaba co-founder Jack Ma, was meant to offer the best of both e-commerce and brick-and-mortar but also featured higher rents and labour ...