News about Jack Ma

Last year, a history of the last of the Ming emperors, who ruled China for 300 years, was selling briskly in bookshops in China. The runaway best-seller told the story of Chongzhen, whose name meant 'Lofty Ambitions', a minor prince who came to power without ability or leadership skills. He interfered in small affairs of state, alienated his entire court, sacked or killed any rival talent, purged able ministers, banned criticism, wasted money and brought disaster where he had promised a renaissance. His reign ended in the fall of his dynasty, foreign invasion and his own miserable suicide by hanging from a tree in a park in Beijing in 1644.

Despite pushing to advance technology, AI pioneer Steve Schwarzman says email is his favorite tool. Since meeting Alibaba co-founder Jack Ma in 2015, he was inspired to invest in AI. Since the fateful meeting with Ma on a bus to Beijing that night, AI technology has been on the ground running almost two years ago, Schwarzman has looked forward to the future.

During the pandemic, the company, which was established in Nanjing, China, saw sales rises, and now is based in Singapore, as it rode a surge of shoppers purchasing online during lockdown. The UK is now booming. The inaugural accounts for the company's British arm, which were filed this month with Companies House, revealed that revenues from the 16 months to the end of December 2022, were £1.1 billion and a loss of £12.2 million. However, no information about the company's overall finances or the billionaire businessman who founded it is known.

At the second Innovation Summit in New York, Prince William has named the 15 finalists for the 2023 Earthshot award. The Prince of Wales, 41, is headed across the Atlantic for the occasion, which was hosted in conjunction with Bloomberg Philanthropies and held alongside the United Nations General Assembly to celebrate and champion innovators focusing on solving our most pressing global climate problems. The Earthshot Prize, which was established by Prince William in 2020, aims to find and help implement the world's most innovative climate and environmental technologies to protect and restore our planet.

On a 'personal trip' in Australia, Chinese billionaire Jack Ma has been pictured as a young man, reflecting on the country he cites with helping him change his life. Mr Ma, the founder of multinational tech firm Alibaba Group, was on his first visit to Australia in six years, coming after falling out of favour with Chinese President Xi Jinping in 2020. On his new visit to Australia, Mr Ma is shown left on a ferry on Sydney harbour in 1985 and right in a Melbourne cafe.

Following the ad's announcement, Bao Fan, the billionaire chairman of investment bank China Renaissance, became unreachable, according to his company, sending shares plunging on the Hong Kong stock exchange following the news. Bao is a well-known name in the Chinese tech industry, and he has played a major role in the rise of several domestic internet startups. However, China Renaissance said in an announcement on Thursday that it is now'unable to contact Mr Bao,' indicating that the firm is unable to divulge further information about the enigmatic disappearance of Mr Bao.