BREAKING NEWS
Bengaluru: Tension at railway station over consignment of meat
Heavy rain: School holiday on Saturday in Dharwad and Belagavi except Ramdurg
CBI busts cyber crime network operating from Gurugram; 43 arrested
Shalini Rajneesh to be new Chief Secretary of Karnataka
Salman residence firing: NBW issued against Lawrence Bishnoi’s brother
Brindavan Gardens in Karnataka to be developed like a fantasy park at a cost of Rs 2,663 crore
Karnataka govt. decides to rename Ramanagara district as Bengaluru South
BJP’s charges against CM are part of conspiracy against Congress govt: D K Shivakumar
Paris Olympics: Dhiraj, Ankita shine as Indian archers secure direct QF berths for men’s and women’s events
Mound-burial system of Ahom dynasty in Assam included in UNESCO World Heritage List
Mangaluru: Outrage over pub’s party invite to students
Heavy Rain: Holiday for schools in Udupi’s Hebri Taluk
Spa murder victim tattooed names of his enemies on body; arrested suspect one of them
Revised NEET-UG results declared
Rashtrapati Bhavan’s ‘Durbar Hall’ renamed ‘Ganatantra Mandap’, ‘Ashok Hall’ becomes ‘Ashok Mandap’
Ma steps down as Alibaba’s chairman
Team Udayavani, Sep 10, 2019, 11:00 AM IST
Beijing: Jack Ma, who founded Alibaba Group, the world’s biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.
Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, a group of 36 people with the right to nominate a majority of the company’s board of directors.
Ma, 55, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
The company has shifted its focus to serving China’s growing consumer market. Domestic businesses accounted for 66 per cent of its USD 16.7 billion in revenue in the quarter ending in June.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
IndiGo flags higher inflationary environment, escalation in fuel, airport costs
Sensex rebounds 1,293 points, Nifty races to record high on value buying in bluechips
IDBI Bank privatisation: Security clearances in place, RBI’s nod expected soon
Hyundai ties up with Charge Zone for high-speed EV chargers
Stock markets fall for 4th day on selling in banking shares, STT hike
MUST WATCH
Latest Additions
Delhi’s minimum temperature notch above normal, IMD predicts moderate rain
Shortage of 18 judges in 10 courts across Goa: Minister tells assembly
Bengaluru: Tension at railway station over consignment of meat
B’luru PG murder: Gruesome details emerge from CCTV footage; accused arrested from Bhopal
PM Modi lauds CRPF’s unwavering dedication
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.