Alibaba

Jack Ma’s retirement marks a new era for the country’s innovators.

Ant Group’s shares will be ready for public trading in Shanghai and Hong Kong next week.

The move comes months after Alibaba announced a USD 1.5 billion investment plan to strengthen the AI and Internet-of-Things (AIoT) ecosystem around its smart speaker Tmall Genie.

Alibaba is subscribing for a fifth of the available Ant shares in the IPO, that could raise as much as USD 35 billion.

Tencent’s Pony Ma registers the biggest personal wealth increase among all the names on the rich list.

Billion-dollar startups thrive in city where talent and experience mix.

Following this round, the company plans to expand its 24-hour medicine delivery service to more cities in China.

The standalone shopping channel is a strategic move by Baidu which is ramping up e-commerce capabilities in its mobile ecosystem.