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News and Events

Only 54, Alibaba Founder Jack Ma Announces Retirement in a Year. Here's His Letter Explaining Why

"The world is big, and I am still young, so I want to try new things," says China's second-richest man

China’s second-richest man Jack Ma announced on Monday, September 10, that he is retiring a year from now as chairman of Alibaba, the online store he helped found in a small apartment in the late 1990s. The e-commerce company is now one ...

by Elyssa Christine Lopez  | September 11, 2018 05:00:00
News and Events

3 Lessons PH Can Learn from China's Fintech and E-Commerce Revolution

Highlights of a forum on China's fintech and e-commerce ecosystem

Talk about technology and digital innovation in the Philippines and the conversation immediately turns to the country’s status as the selfie or social media capital of the world.Data from social media agency We Are Social show that 63 percent of the population ...

by Lorenzo Kyle Subido  | August 16, 2018 10:00:00
News and Events

China Has Almost Thrice America's Online Users: Time to Meet the Internet Giants Challenging Google and Facebook

The 2018 China Internet Report lists the major Chinese online companies and their American rivals

China has 772 million Internet users, making it the world’s biggest online community with almost thrice the 292 million Internet users in the United States, according to the 2018 China Internet Report. The report was published by Hong Kong’s South China Morning ...

by Entrepreneur Staff  | July 23, 2018 05:00:00
News and Events

Why is the PH Gov’t Turning to Jack Ma’s Ant Financial to Lower Remittance Costs for OFWs?

The new Overseas Filipino Bank could be the platform for Ant Financial’s low-cost mobile payment tech

The Department of Finance (DOF) announced on Thursday, February 8, that they are looking to tap Chinese tycoon and Alibaba founder Jack Ma’s Ant Financial Services Group to lower remittance costs for overseas Filipino workers. Ant Financial is Alibaba’s financial technology (fintech) ...

by Pauline Macaraeg  | February 12, 2018 10:00:00
News and Events

Jack Ma is Poised to Disrupt PH’s Trade and Payments System, and Why That’s a Good Thing

The Alibaba founder has stakes in the country’s biggest online store and leading fintech company

Jack Ma (second from left) walks with his Philippine partners Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala. Ma's Ant Financial has a stake in Mynt, Globe Telecom's fintech unit, its first investment in the Philippines.With more than 276,000 viewers ...

by Pauline Macaraeg and Lorenzo Kyle Subido  | October 27, 2017 05:00:00
News and Events

GCash, PayMaya Move Closer to Emulating Jack Ma's Cashless Payment System for PH

The two leading mobile wallets launched scan-to-pay features to ease payments for brick-and-mortar retailers

The country’s two leading telco-powered mobile wallets, Smart Communications’ PayMaya and Globe Telecom’s GCash, rolled out a new “scan to pay” feature that allows users to scan quick response (QR) codes with their smartphones in order to pay for products and services ...

by Lorenzo Kyle Subido  | October 25, 2017 03:00:00
News and Events

20 Crazy Things We've Learned About Alibaba Billionaire Jack Ma

From getting kidnapped to dressing up as Michael Jackson, the Alibaba founder has a lot of wacky stories to tell

As someone who rose from being rejected from Harvard 10 times to becoming the second-richest man in China, Jack Ma’s rags to riches story is inspiring. Through persistence and experimentation, Ma built one of the most successful, record-breaking companies to date, the ecommerce giant Alibaba.Of course, ...

by Rose Leadem  | October 25, 2017 01:00:00
News and Events

"I Tried to Test the Speed of Philippine Internet. It's No Good" and Other Notable Quotes from Jack Ma at DLSU

These quips resonated the most with viewers of FB Live coverage of the Alibaba founder's remarks

The De La Salle University (DLSU) conferred an honorary doctorate degree in technopreneurship to Jack Ma (real name Ma Yun), founder and executive chairman of Chinese online ecommerce giant Alibaba Group, on Wednesday, October 25.The world’s 23rd richest man and second richest ...

by Pauline Macaraeg  | October 25, 2017 01:00:00
Run & Grow

Lazada Steps Up Fight Vs. Fake Goods

CEO Inanc Balci says Lazada is the ‘decade’s biggest entrepreneurial opportunity in the PH’

31-year-old Inanc Balci is the CEO of Lazada PhilippinesFive years since it was founded, Lazada Philippines is already the top ecommerce platform in the country, but talk to its country manager and you get the sense that they’re only getting started.The local ...

by Paul John Caña  | June 01, 2017 10:00:00
News and Events

Jack Ma on Why Alibaba Isn't the Chinese Amazon

The serial entrepreneur says there’s no single business model to succcess

Though they are both global ecommerce companies that were founded in the 1990s and have names that begin with the letter A, Jack Ma wants you to know that's all Alibaba and Amazon have in common.In a conversation at the World Economic Forum in ...

by Nina Zipkin  | January 25, 2017 12:00:00
Run & Grow

6 Takeaways from Winston Damarillo’s New Book, Ready or Not

The Filipino technology entrepreneur identifies six disruptive technologies that will shape the future of business

“Technology is no longer just helping us do the same things better—it’s changing how we do things altogether.”So says Winston Damarillo in the opening chapter of his newly released book, Ready or Not: The 6 Big Disruptions that Will Change the Way ...

by Entrepreneur Staff  | January 02, 2017 11:00:00
News and Events

11.11: It’s Single’s Day!

”?"One is the loneliest number” ”" but maybe not if you’re a die-hard shopper

They say inspiration comes from unexpected places, and the story behind Single's Day (Alibaba's annual sale and Asia's biggest) is definitely a unique one.Who could have guessed that an Anti-Valentine’s Day event, popularly believed to have been organized by four male single ...

by Eros Erfe  | November 10, 2016 04:00:00
News and Events

Will Facebook ever get to do business in China?

The world’s largest social networking tool might just penetrate the big red one ”" if it agrees to be censored

Despite Mark Zuckerberg’s recent charm offensive earlier this year, China continues to deny Facebook access. As the holder of the keys to the world’s largest internet market (721 million, and counting, with internet access), Chinese officials wield considerable power.And, thus far, their government ...

by Brian Hughes  | October 25, 2016 02:00:00
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