Tag Archives: Jack Ma

Jack Ma to invest $15 million in selecting teachers for rural areas

Alibaba’s CEO Jack Ma is planning to invest at least 300 million yuan (about 15 million U.S. dollars) in 10 years in selecting excellent graduates to serve as rural teachers, thepaper.cn has reported, citing a rural graduates program set up by the Jack Ma Foundation.

Jack Ma, who calls himself “the spokesperson for rural teachers,” claimed that the more prominent rural teachers are, the stronger rural education will be. “Aging teaching staff and outdated knowledge structure are the fundamental problems leading to poor rural education. We might find a breakthrough in China’s educational reform by starting with rural education so as to further alleviate education-related poverty,” added Jack Ma. Continue reading “Jack Ma to invest $15 million in selecting teachers for rural areas” »

Alibaba to invest 10 bln yuan in poverty elimination project

Alibaba’s executive chairman Jack Ma announced that his company will invest 10 billion yuan (1.5 billion USD) in a poverty elimination project, aiming to help poverty-stricken rural residents to shake off poverty.

The relief fund will be chaired by Ma and will take on specific projects.

Four of the company’s vice chairmen will be involved with each focusing on education, empowering women, entrepreneurship, and environmental protection respectively. Continue reading “Alibaba to invest 10 bln yuan in poverty elimination project” »

After that IPO, is Jack Ma heading for the silver screen?

You’ve just had the biggest IPO in history. How do you follow up that kind of feat?

According to The Hollywood Reporter, Jack Ma (or Ma Yun), founder and executive chairman of Alibaba Group, which went public on the New York Stock Exchange raising $21.8 billion, is going to have his life turned into a movie.

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Or it could be that someone else is trying to cash in on his worldwide fame by making a biopic about him. Continue reading “After that IPO, is Jack Ma heading for the silver screen?” »