Jack Ma, the billionaire cofounder of Alibaba who disappeared from public life i...
source link: https://finance.yahoo.com/news/jack-ma-billionaire-co-founder-070223072.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Jack Ma, the billionaire cofounder of Alibaba who disappeared from public life in 2020, has taken up a teaching role in Japan
The Alibaba cofounder Jack Ma has joined Tokyo College, which is run by the University of Tokyo.
Ma will be conducting research and teaching about sustainable agriculture and food production.
A former English teacher, Ma has been lying low for two years after he angered regulators in China.
Jack Ma, the cofounder of Alibaba, has taken up a teaching position in Japan, one of the first public roles he has assumed since disappearing from the spotlight in 2020.
In his new role, Ma, who was once China's richest man, is expected to conduct research on sustainable agriculture and food production, Tokyo College said in an announcement on Monday.
The announcement says that Ma will also "share his rich experience and pioneering knowledge on entrepreneurship, corporate management and innovation" in seminars at the college, which is run by the University of Tokyo.
Ma's term as a visiting professor starts on May 1. It marks the 58-year-old's return to teaching after his retirement from Alibaba in September 2019. Ma was an English teacher for several years before he cofounded Alibaba.
Ma said in May 2019 that he would go back to teaching after retiring from Alibaba in September of the same year. At the time, he said he was returning to his roots because of his love for the profession.
Ma's return to a public-facing role comes more than two years after he angered Chinese authorities in October 2020 during a speech in which he criticized China's financial-regulatory system and claimed that Chinese banks were operating with a "pawnshop" mentality.
Days later the $37 billion float of his fintech business, Ant Group, was canceled.
The cancellation of Ant's IPO triggered a wider crackdown on tech firms in the country.
This pressured Alibaba's share price, which fell by more than 70% from its 2020 peak. Ma's wealth plummeted from a high of $61 billion in October 2020, to an estimated $33 billion, according to the Bloomberg Billionaires Index.
- Business Insider
Elon Musk says the pile of dead banks proves more rate hikes will cause a severe recession: 'I may have more real-time global economic data in one head than anyone ever'
"Further rate hikes will trigger severe recession. Mark my words," Elon Musk said in a tweet on Sunday.
1d ago - Business Insider
A Wells Fargo customer lost $68,000 after being tricked into making a wire transfer by a scammer, report says
Marc Beardsley told ABC7 he didn't realize a scammer got into his account and transferred $70,000 from his savings into his checking account.
1d ago - Business Insider
Stocks could soon retest all-time highs as markets react to possible 'thesis-changing' final rate hike from the Fed, Fundstrat says
"This will likely be the last hike of the cycle. This is thesis changing," Fundstrat said, predicting the S&P 500 could notch 4,750 by year-end.
22h ago - Zacks
Bull of the Day: Alphabet (GOOGL)
Godfather of AI has had enough and all the players are on notice about ChatGPT impacts
11h ago - Quartz
Private satellites spotted a new Chinese military blimp
After a Chinese surveillance balloon flying over the US earlier this year provoked an international incident, open-source intelligence analysts went blimp hunting. Some zeroed in on an enormous hangar in a remote part of Xinjiang, which looked like the infrastructure needed to deploy some kind of lighter-than-air vehicle.
1d ago - Engadget
SpaceX's Starship didn't immediately respond to a self-destruct command
Musk explained it exploded after a 40-second delay.
2d ago - AP Finance
'Godfather of AI' leaves Google, warns of tech's dangers
Sounding alarms about artificial intelligence has become a popular pastime in the ChatGPT era, taken up by high-profile figures as varied as industrialist Elon Musk, leftist intellectual Noam Chomsky and the 99-year-old retired statesman Henry Kissinger. A pioneering researcher and the so-called “Godfather of AI” Geoffrey Hinton quit his role at Google so he could more freely speak about the dangers of the technology he helped create. Over his decades-long career, Hinton's pioneering work on deep learning and neural networks helped lay the foundation for much of the AI technology we see today.
12h ago - Bloomberg
Jack Ma Joins University of Tokyo as Visiting Professor
(Bloomberg) -- Alibaba Group Holding Ltd. co-founder Jack Ma is joining the University of Tokyo’s Tokyo College as a visiting professor, according to a profile page on the university’s website.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersRivian’s Troubles Don’t End at a 93% WipeoutJerome Powell Could Face More Opposition as Fed Choices Get TougherMa, 58, begins t
2d ago - AP Finance
Alibaba's Jack Ma turns up in Japan as college professor
Jack Ma, a cofounder of Chinese e-commerce giant Alibaba Group, will be a visiting professor at Tokyo College, a research institute run by the prestigious University of Tokyo, the university said Monday. Ma will carry out research in sustainable agriculture and food production, it said in a statement. It said that Ma, who also heads his own Jack Ma Foundation, a philanthropic organization, will “share his rich experience and pioneering knowledge on entrepreneurship, corporate management and innovation,” with students and faculty.
2d ago - Decrypt Media
Justin Sun Calls $56M Token Transfer to Binance an 'Oversight', Requests Full Refund
CZ flagged Sun's $56 million token transfer to Binance, suggesting the Tron founder would use it to farm a soon-to-be-launched token.
2d ago - Decrypt Media
‘Godfather of AI’ Leaves Google to Save Us From AI
Artificial intelligence pioneer Geoffrey Hinton fears that the race to advanced AI will carry humanity over a cliff.
1d ago - The Telegraph
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
14h ago - Bloomberg
Carl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller Report
(Bloomberg) -- Corporate activist Carl Icahn’s fortune tumbled more than $10 billion Tuesday after short-seller Hindenburg Research accused him of using a “ponzi-like” economic structure at his investment company.Most Read from BloombergNigeria Targeted a UK Mansion; Its Next Leader’s Son Now Owns ItWall Street Rattled by 15% Tumble in Pair of Banks: Markets WrapIBM to Pause Hiring for Jobs That AI Could DoCarl Icahn’s Wealth Plunges $10 Billion on Hindenburg Short-Seller ReportRegional Bank Sha
5h ago - Yahoo Finance
AMD Q1 earnings: Beats on revenue and EPS, but chip sales drop 64%
AMD reported better than expected Q1 earnings on Thursday, though data center revenue fell just short of expectations.
7h ago - TipRanks
Wells Fargo Says Buy These 2 High-Yield Dividend Stocks — Including One With 10% Yield
The latest economic data presents a mixed picture for the US economy. The growth data for the first quarter has been released, indicating that the GDP increased by only 1.1%, which is a sharp slowdown from 2H22, and feeding fears of a recession later this year. On the inflation front, the steady rise in prices has been easing back, and the March year-over-year number was just 5%, below the forecast and the lowest in nearly 2 years. The moderating inflation rate is an indicator that the Fed’s pol
3h ago - TipRanks
Billionaire Ken Griffin Doubles Down on These 2 ‘Strong Buy’ Stocks — Here’s Why You Might Want to Follow in His Footsteps
Every investor is looking to gain an edge and beat the market and there are numerous strategies that can help in this undoubtedly difficult endeavor. One obvious game plan is to follow in the footsteps of Wall Street’s investing titans, and you can certainly put Ken Griffin in that bracket. The billionaire not only has a decades-long history of investing success, but his Citadel hedge fund also raked in the profits last year – a Wall Street record of $16 billion, in fact – done against a general
13h ago - Yahoo Finance
Stocks moving in after-hours: Ford, Starbucks, AMD
These are the stocks moving in after-hours on Tuesday, May 2, 2023.
6h ago - The Wall Street Journal
Bud Light Maker Offers Distributors Free Beer, More Ad Spending After Dylan Mulvaney Backlash
Anheuser-Busch wholesalers say they have faced plummeting sales and personal threats over backlash from a promotion with a transgender influencer.
10h ago - Benzinga
'It's As If The Whole Country Takes A Pay Cut:' Top Economist Warns Of A Recession And Another 23% Drop In Stocks But Highlights Opportunity For Those With 'Dry Powder'
Fears of a recession have mounted since the U.S. Federal Reserve began hiking interest rates in early 2022. Although the latest gross domestic product (GDP) figures indicated growth, a recession could be imminent according to David Rosenberg, president of Rosenberg Research and former chief North American economist at Merrill Lynch. “The leading indicators are telling me that the recession is actually starting this quarter,” he said in a recent YouTube interview with Blockworks Macro. “If it’s n
9h ago - Barrons.com
Pfizer Will Shift Focus to Dividends and Share Buybacks, Execs Say
The big pharma company Pfizer has been on an M&A hot streak over the past couple of years, digging into its Covid-19 vaccine and therapeutic windfalls to go on a big-ticket buying spree. “What we believe is going to happen now that we start to harvest the investments that we made in business development transactions,” Pfizer Chief Financial Officer David Denton told Barron’s, speaking shortly after the company reported first-quarter results that beat Wall Street expectations. “Shareholders prefer some level of share repurchase, and we’ll be able to do that as well.”
7h ago - Investopedia
Apple Earnings May Fall 10% As iPad, Mac Sales Drag
Services revenue—including App Store, iCloud, Apple Music, Siri—likely hit record levels even as device sales slowed.
9h ago - Yahoo Finance
PacWest, Western Alliance crash as regional bank fears continue to shake markets
Their drops come one day after JPMorgan Chase purchased the bulk of First Republic, in a deal that was designed to restore stability to the banking system after two months of turmoil.
7h ago - Yahoo Finance
Ford first quarter revenue, profits top estimates; EV unit loses $722 million
Ford's Q1 earnings on Tuesday will break down results by its three new business segments for the first time.
7h ago - Bloomberg
First Republic’s Jumbo Mortgages Brought On Bank’s Failure
(Bloomberg) -- The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureIBM to Pause Hiring for Jobs That AI Could DoBuffett Will Beat the Market as Recession Looms, Investors SayMorgan Stanley Plans 3,000 More
1d ago - Barrons.com
Bud Light Sales Fall 26% as Transgender Backlash Worsens
Bud Light's sales declines accelerated in the week ended April 22, according to Beer Business Daily
1d ago - The Wall Street Journal
Bankrupt Bed Bath & Beyond Seeks Millions From Ocean Carriers
Bankrupt retailer Bed Bath & Beyond is seeking tens of millions of dollars from container shipping lines, claiming the carriers willfully abandoned service commitments at the height of supply-chain turbulence to reap enormous profits from the market turmoil. The home-goods retailer says in a complaint filed with U.S. maritime regulators that Hong Kong-based Orient Overseas Container Line pursued “brazen price gouging and profiteering” that cost Bed Bath & Beyond $31.7 million in extra freight charges, along with additional costs and lost profits. The filing April 27 at the Federal Maritime Commission came days after Bed Bath & Beyond filed for bankruptcy protection and said it planned to wind down its business.
9h ago - TipRanks
‘Investment opportunity of a lifetime’: Cathie Wood says the robotaxi market could be worth trillions — here are 3 stocks to invest in it (besides Tesla)
Advances in technology often come loaded with financial opportunities and scanning the one presented by the nascent autonomous driving sector, Cathie Wood thinks there is a huge one at play. The Ark Invest CEO has not been shy about making some bold predictions in the past and thinks investors should not underestimate what’s in store for this up-and-coming industry. “We think that the robotaxi opportunity globally will deliver $8 to $10 trillion in revenue by 2030 and is one of the most importan
2d ago - Investor's Business Daily
Nvidia Stock Nearly Doubles In 2023 Amid AI Frenzy — Is It A Buy?
Nvidia earnings are set to rebound while AI leadership has excited investors in the leading chip stock. Nvidia stock is on a tear.
11h ago - Investor's Business Daily
Arista Networks Plunges On 'Conservative' 2023 Outlook Amid AI Buzz
Arista Networks reported first-quarter results that topped analyst views amid high expectations for the company's shares. But Arista stock fell.
6h ago - Barrons.com
Hydrogen Player Plug Power Has a Surprise EV-Charging Solution
Plug Power announces a solution for charging a lot of electric vehicles all at once without stressing the grid.
1d ago - Investor's Business Daily
Four Stocks Turn $10,000 Into $50,000 In Four Months
April turned out to be great month for most S&P 500 investors. But it was stupendous for those who picked the best stocks.
2d ago - Zacks
What Awaits Berkshire Hathaway (BRK.B) This Earnings Season?
Berkshire Hathaway's (BRK.B) Q1 results are likely to benefit from rate increases, net improvement from new property business, soaring fuel surcharge revenues and earnings from other energy businesses, offset by higher expenses.
10h ago - Yahoo Finance
New lower I bond rate comes with 'a pleasant surprise'
The annualized yield for the Treasury Department’s inflation-protected assets is 4.3% for new purchases made until October 31.
1d ago - Yahoo Finance
Carl Icahn targeted by short seller Hindenburg for 'Ponzi-like' structure
A well-known short seller is taking on a famed activist.
8h ago - Yahoo Finance
Chegg stock sinks after CEO says ChatGPT hurt growth
The problem for Chegg is ChatGPT could take off on campuses, much like its own product once exploded in popularity.
13h ago - Bloomberg
Lordstown Motors Warns of Bankruptcy as Foxconn Deal Unravels
(Bloomberg) -- Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production partnership.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersIBM to Pause Hiring for Jobs That AI Co
1d ago - Reuters
PNC promises up to $15 billion in short-term debt to provide additional liquidity
The regional bank, which has so far been insulated from deposit flight, said in a filing the holding company can offer up to $5 billion and the banking unit $10 billion. No commercial paper has been issued as of March 31, the filing said. Commercial paper is an unsecured debt instrument issued by companies to finance short-term needs such as inventories and payroll.
7h ago - Investopedia
JPMorgan To Pay FDIC $10.6 Billion For First Republic, This is What It Gets
JPMorgan Chase & Co. may be getting a quite a bit more than its money's worth as the deal to buy First Republic comes with assets and big guarantees from FDIC.
1d ago - Yahoo Finance
Disney, DeSantis and opening Pandora's box
Watching Florida Gov. Ron DeSantis try to financially punish the Walt Disney Co. is turning into a major indoor sport. It's also opening a Pandora's box that might never be closed again.
12h ago - TechCrunch
Elon Musk reportedly settles defamation suit after saying he'd never 'surrender an unjust case'
A defamation case brought against Tesla chief executive Elon Musk by critic Randeep Hothi is coming to a close, reportedly costing the billionaire ten big ones. Lawyers representing Hothi, a vocal member of the TSLAQ short-seller community on Twitter, said in a statement that Musk asked to settle the nearly three-year-old case back in March. Hothi tweeted on Monday that he accepted the alleged offer, "for a modest $10k."
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK