Jack Ma was conspicuously absent from a list of China's entrepreneurial greats published by state media Tuesday, underscoring how the the iconic Alibaba co-founder has run afoul of Beijing.
»Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons
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Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons
In this May 15, 2019, file photo, founder of Alibaba group Jack Ma arrives for the Tech for Good summit in Paris. (AP Photo)
Beijing’s official newspaper ran the brief editorial on the same day Alibaba Group Holding Ltd. was set for unveiling its earnings. Jack Ma had come in conflict with the CCP after it flayed the government’s pawnshop financial regulators and state-owned banks in an incendiary speech in Shanghai back in October.
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Investors who have owned stocks since 2016 generally have experienced some big gains. In fact, the
SPDR S&P 500 (NYSE: SPY) total return in the past five years is 114.1%. But there is no question some big-name stocks performed better than others along the way.
Alibaba’s Impressive Growth: In the past five years, Chinese mega-cap tech stock
Alibaba Group Holding Ltd - ADR (NYSE: BABA) has left its U.S. tech peers in the dust with its growth numbers.
Alibaba’s core e-commerce and cloud services businesses have driven 425% growth in trailing 12-month revenue since 2016, more than double the 206% revenue growth rate
MediBuddy raises $40 million in Series B funding
The companies raised money for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.
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BENGALURU :
Digital healthcare platform MediBuddy on Tuesday said that it has closed its Series B funding at $40 million led by India Life Sciences Fund III, LLC, along with participation from other investors.
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The company had earlier raised $20 million in June 2020 as part of its ongoing Series B round, while announcing its merger with online doctor consultation startup DocsApp. The company now said that moving forward both companies will be operating under a single brand name - MediBuddy.
Jack Ma s Ant posts US$2.3B in profit before halt of IPO
Lulu Yilun Chen, Bloomberg News
China Tells Ant to Return to Payments Services Origins VIDEO SIGN OUT
Billionaire Jack Maâs Ant Group Co. delivered about 14.5 billion yuan (US$2.3 billion) in profit in the quarter right before Chinese regulators brought down the hammer on the financial technology giantâs record public offering and ordered it to scale back its sprawling business.
Ant contributed 4.8 billion yuan in profit to Alibaba Group Holding Ltd., according to the e-commerce companyâs filing. Based on Alibabaâs 33 per cent stake in Ant, that translates to 14.5 billion yuan in profit for Ant in the three months ended in September, as its earnings lag one quarter behind Alibaba. Ant declined to comment.