Similar Stories to Alibaba's Jack Ma, Joe Tsai To Borrow $2 Billion Against Shares on Bing News

Chinese e-commerce giant Alibaba’s chairman and vice chairman, Jack Ma and Joe Tsai, are planning to borrow more than $2 billion in loans by using their shares in the company as collateral.

Topics:  alibaba s   jack ma   joe tsai   borrow   billion   shares   chairman   
BING NEWS:
  • SoftBank Group Offloads Entire Alibaba Stake After Jack Ma-Founded Company Causes $6.16B Loss
    In a significant shift of focus, SoftBank Group has announced the sale of almost its entire stake in Alibaba Group Holding (NASDAQ:BABA) (OTC:BABAF). The move is part of the Japanese conglomerate’s ...
    05/13/2024 - 2:58 am | View Link
  • Meet Daniel Zhang, the ‘free and unfettered spirit’ who will succeed Jack Ma as Alibaba’s chairman
    Among the 86,000 employees who work at Alibaba Group Holding, chief executive Daniel Zhang is not known as Daniel, or Mr. Zhang, or even boss. Instead, employees refer to him as xiaoyaozi, or the ...
    04/24/2024 - 1:00 pm | View Link
  • Jack Ma steps into ‘mistakes’ brouhaha to boost Alibaba’s morale, urges staff to embrace change and prepare for AI to upend e-commerce
    Ma's memo to staff echoes a podcast interview made last week by executive chairman Joe Tsai ... lost HK$2.6 trillion (US$332 billion) in value over that period. Tsai touched on a number of ...
    04/9/2024 - 3:48 pm | View Link
  • Jack Ma Cheers Alibaba’s Latest Overhaul Plan in Rare Memo
    Read More: Jack Ma Returns to Rally Troops as Alibaba’s Troubles Deepen In response, the company green-lit a $25 billion buyback program to appease investors. Tsai has said Alibaba will focus on ...
    04/9/2024 - 1:00 pm | View Link
  • China Seeking to Reduce Empire of Alibaba's Jack Ma
    Chinese officials and government advisers are seeking to pare down Jack Ma's tech and financial empire, a media report says. Alibaba’s (BABA) founder, Jack Ma, is in more hot water with ...
    12/29/2020 - 5:59 am | View Link
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