Jack Ma returns to China
Jack Ma has returned to China, ending a more than year-long stay overseas that was viewed by industry as reflecting the sober mood of China’s private businesses and troubled policymakers trying to spur the economy.
Ma’s return “boosts the sentiment of the broader platform, Internet industry”, said Zhang Zihua, chief investment officer at Beijing Yunyi Asset Management. “Because that means the new top leadership has indeed been re-examining the position and the importance of the platform companies in China’s economic development. The previous restrictive policies on the platform, Internet sector are also expected to be adjusted.
While Chinese authorities have recently said they are easing the crackdown and would support the private sector, Chinese entrepreneurs and investors said they saw Ma’s decision to stay overseas as a factor hindering confidence.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Outspoken Alibaba founder Jack Ma returns to ChinaThe entrepreneur ends a more than year-long sojourn overseas that was viewed as reflecting the sober mood of businesses
Read more »
Parts of Twitter source code leaked online - TechCentralSome parts of Twitter's source code have been leaked and the social media platform is seeking information on the person responsible.
Read more »
Starlink rival OneWeb to launch global Internet coverage this year - TechCentralOneWeb has launched the final 36 satellites of its initial 616-satellite “constellation”, allowing the rival of Elon Musk’s Starlink to offer global broadband coverage this year.
Read more »
Doing better business with Google Cloud - TechCentralPromoted | Google Cloud is allowing partners and customers across Africa to optimise and grow their businesses, achieving significant savings and the ability to innovate faster.
Read more »
Capitec Pay: revolutionising the way South Africans pay - TechCentralPromoted | Capitec is changing the way people pay to make payments simpler, more secure and accessible for all.
Read more »
FNB launches solar funding solutions - TechCentralFNB has introduced a range of new credit options to allow its clients to install solar energy solutions.
Read more »