Tag Archives: Jack Ma

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd (BABA.N) 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. Cue sound of heads exploding.ReutersAlibaba's Jack Ma is a Communist Party member, China state paper reveals

Though Alibaba co-founder Jack Ma may think Bitcoin is in a bubble, the firm still believes in blockchain, the technology underlying cryptocurrencies. Ant Financial, Alibaba’s $150 billion financial affiliate, launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely. For now, the program is in a three-month trial period during which transaction fees will be waived.... FortuneAlibaba's Ant Financial Just...

Leapfrogging. The Chinese are starting to set the pace. "Innovation" is not just a Xin Jinping Thought slogan.The ConversationHow China is rebooting retail Michael Wade, Professor of Innovation and Strategy, Cisco Chair in Digital Business Transformation, IMD Business School, and Jialu Shan, Research Associate at Global Center for Digital Business Transformation, IMD Business SchoolSee alsoScandinavia and Switzerland.World Economic ForumThese are the happiest countries in the world Briony...

Technological innovation increases productivity, decreasing the need for human work and increasing the opportunity for leisure. It's a distribution issue. The problem is that under capitalism, gains are capitalized and losses are socialized. Under socialism, gains are socialized and losses are minimized. Who is going to win this race, those aiming at the top or those racing to the bottom?NEOTechnology & The Marxism of Jack Ma Caleb Maupin

Milestones Chinese e-commerce giant Alibaba surpassed its U.S. counterpart Amazon as the world's biggest e-commerce company Tuesday as the Hangzhou-based company reached the threshold of 470 billion U.S. dollars in market value.… Alibaba's net profit jumped 96 percent to more than 2.1 billion dollars year-on-year in the first fiscal quarter ending June, beating market expectations. Moreover, the number of active buyers on Alibaba's retail platform climbed to 466 million, accounting for...

Absolutely must-read! Economic planning and societal control: The digital transformation is changing the rules of the game in the global systemic competition. China's determined pursuit of a "digital Leninism" presents a major challenge to liberal market economies and democratic political systems. MERICS — Mercator Institute for China Studies Big Data reshapes China's approach to governance Sebastian Heilmann ht Ryan in the comments Sebastian Heilmann is the founding president of the...