Category Archives: Ecommerce

Jack Ma’s Long-term Vision For Alibaba

December 30, 2014, Jack Ma (or Ma Yun) attended the second joint meeting of the Strategic Cooperation Between Alibaba Group And Hangzhou City during which Ma said that in the coming year of 2015, Alibaba will carry out a comprehensive upgrade in term of organization management, culture and human resource management to gear up to meet the challenges in the next 10 years.

A 5 percent tax on online shopping to be levied in China

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The Ministry of Commerce spokesman Yao Jian yesterday at a regular press conference revealed that the scale of e-commerce exceeded 1.3 trillion yuan (US$ 208 billion) annually, the Ministry of Commerce supports the e-commerce, and the same time Ministry of Commerce also participates actively in the development of “E-commerce Promotion Law” to regulate E-commerce businesses, especially small and medium enterprises.

Jack Ma enters into logistics industry with total investment of 300 billion yuan (US$ 48 billion) 18 days after retirement

18 days after retirement, Jack Ma is back. On May 28, wearing tai chi clothing he appeared on center stage, he was particularly excited. Because by the Alibaba Group led “Rookie Network Technology Co., Ltd. (hereinafter referred to as Rookie Network)” was founded in Shenzhen targeting at the logistic industry. The new company has started the so called “China Intelligent Backbone” project national wide. The company has a registered capital of 500,000 yuan with a total planned investment of 300 billion yuan (US$ 48 billion), many famous business celebrities will join the project. Jack Ma himself will be the chairman while Intime Group Chairman Shen Guojun chairs as CEO.