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Tag Archives: Alibaba

China’s Richest Man Jack Ma Resigns from Alibaba

Alibaba’s co-founder and executive chairman, Jack Ma, said he planned to step down from the Chinese e-commerce giant on Monday to pursue philanthropy in education, a changing of the guard for the $420 billion internet company. A former English teacher, Ma started Alibaba in 1999 and built it into one …

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Alibaba Sued Over Alleged Counterfeits

Alibaba Sued Over Alleged Counterfeits

The owner of several of the world’s best-known luxury brands has filed a fresh lawsuit against Alibaba Group Holding Ltd. , the latest challenge to the Chinese e-commerce giant’s assertions that it fights the sale of counterfeit goods on its platforms. The lawsuit, filed Friday in federal court in Manhattan …

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