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Jack Ma becomes the richest man in Asia overnight

Jack Ma, the founder of Alibaba Group became the richest man in Asia overnight. According to the Bloomberg Billionaire’s Index, Ma is the richest Asian and 14th richest in the World. He added a staggering USD2.8 Billion to his wealth overnight after the news surfaced that his company is expected to announce a growth of 45 to 49 percent compared ... Read More »

Alibaba acquires major stake in Ticketnew

Alibaba Group’s flagship entertainment arm, Alibaba Pictures Group Limited, has acquired a majority stake in India’s second-largest online ticketing platform, TicketNew which is based out of Chennai marking the group’s foray into entertainment industry as well. Founded in 2007 by Ramkumar Nammalvar, the website has a presence in over 300-plus cities in India. This would capitulate Alibaba to have office ... Read More »

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