30 May 2020, 2:04 AM (GMT)

Coronavirus Live Update

6,064,289 Total Cases
367,475 Deaths
2,685,392 Recovered

Jack Ma gives up as an owner of Alibaba Business Licenses

Author at TechGenyz Insights
Jack Ma Ownership
Tycoon Jack Ma concedes his ownership entities that hold Alibaba Group Holding Ltd’s business licenses in China. Alibaba confirmed this news on Monday of Mr. Ma renouncing his ownership entities. On Sept, 10 Mr. Ma announced about him stepping down as an executive chairman of Alibaba in 1 year by handling the job to Chief Executive Daniel Zhang. He decided to continue as a founder or partner of the group of a senior executive who will have all rights to nominate company’s share. Alibaba reported revenue of $11.83 billion in its second quarter up 61% year over year, it also dominates eCommerce in China through online sales platforms.

India Coronavirus Cases Update

173,763 Total
4,971 (2.9%) Deaths
82,370 (47.4%) Recovered
30 May 2020, 12:32 PM (GMT)

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