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Alibaba's Jack Ma is Communist Party member, China state paper reveals

Wednesday, November 28, 2018, 8:09 AM

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. The People's Daily revealed Ma's Party membership in a list of 100 people it said had helped drive the country "reform and opening up" process.
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Jack Ma, China's richest man, is a Communist Party member

Tuesday, November 27, 2018, 3:12 PM

China's richest man Jack Ma is a Communist Party member, the party's newspaper revealed, debunking a public assumption the billionaire was politically unattached. The People's Daily revealed his membership in a list of 100 people who helped drive the country's "reform and opening up" process. Founder of e-commerce giant Alibaba, Ma holds a $35.8-billion fortune, according to Forbes.
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Alibaba Singles' Day sales hit $10 billion in first hour

Sunday, November 11, 2018, 4:57 PM

Chinese e-commerce giant Alibaba Group Holding Ltd settled roughly 69 billion yuan (US$9.92 billion) in the first hour of its annual Singles' Day on Sunday, up roughly 21 percent from last year's early haul of 57 billion yuan. Singles' Day is the world's biggest online sales event and last year netted Alibaba 168 billion yuan (US$24.15 billion) in total sales.

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