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jack malatest news & developments

Africa’s Business Heroes celebrates fifth anniversary

The Grand Finale will take place on the biggest augmented reality-enhanced stage that Africa has ever seen in Kigali, Rwanda

Excessive force: Men protest while pulling a cart carrying the body of Vitallis Ochilo Owino in the Mathare slums of Nairobi on May 4. He was allegedly beaten to death by police officers while walking in the streets after curfew hours imposed during the Covid-19 pandemic. (Photo: Luis Tato/AFP)

Kenyan cops cash in on Covid-19

The ‘unmasked’ are arrested during early morning patrols, taken to police stations and charged a ‘bond’

(John McCann/M&G)

Jack Ma v. Bill Gates: Does Africa need another benevolent billionaire?

The latest member of the benevolent billionaires club could learn from what his peers have done right — and wrong

Chinese President Xi Jinping attends the 2018 Beijing Summit Of The Forum On China-Africa Cooperation. (Lintao Zhang/Pool via Reuters)

‘Xi cult’ app is China’s red hot hit

A propaganda app that puts China’s powerful President Xi Jinping in anyone’s pockets has become a hit in the country

‘Ghosn is likely the most successful foreign chairman in Japan,’ said Kosuke Sato, a senior economist at the Japan Research Institute. (Benoit Tessier/Reuters)

Did South Africa’s investment summit mark a game-changing moment?

South Africa’s president has firmly thrown his weight behind the private sector. This could prove significant

Ma, who gave up the title of CEO in 2013, said he now planned to devote his time and fortune to education. (Lai Seng Sin/Reuters)

Alibaba co-founder Jack Ma announces plans to retire at 54

Alibaba’s co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy

Ma’s wealth shot up to $39-billion as his large stake in Ant Financial, operator of the world’s largest money market fund and a mobile payment Goliath, saw its valuation rise. (Reuters)

Alibaba and the $40-billion squeeze

The Chinese government tried to take on thriving online marketplace Alibaba, but owner Jack Ma beat the regulators at their own game.

Ma’s wealth shot up to $39-billion as his large stake in Ant Financial, operator of the world’s largest money market fund and a mobile payment Goliath, saw its valuation rise. (Reuters)

E-commerce king rides ‘blind tigers’ to success

The rumour spread like wildfire: was it possible that Jack Ma, one of China’s greatest success stories, was planning to leave the mainland for good?