Daniel Zhang News

Companies

Alibaba says Singles' Day sales hit $13 billion in first hour

Alibaba saw sales worth $30 billion on its platforms on Singles' Day last yearSingles' Day was among the top trending topics on China's Twitter-like Weibo platform on Monday morning, with users discussing what they spent on

1 min read11 Nov 2019
Companies

Alibaba’s Jack Ma sets another Singles’ Day record before retirement

Alibaba’s annual Singles’ Day event notched $30.7 billion in merchandise sales, an increase of 27%, according to a tally posted at the event’s media centre in Shanghai

3 min read12 Nov 2018
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Daniel Zhang to replace Jack Ma as Alibaba chairman in 2019

Jack Ma is going to step down as Alibaba chairman one year from today, going to be replaced by Daniel Zhang. Ma told Bloomberg last week he was looking at a change of life. Ma will officially pass the baton on his 55th birthday next year but remain on the board until 2020. The former English schoolteacher now intends to focus on philanthropy and education but also pursue new dreams. he said in a statement Monday. Bloomberg's Lulu Chen reports on Bloomberg Markets: China Open.

10 Sep 2018
Companies

Alibaba’s new boss: the finance veteran who shook things up quietly

Jack Ma will officially pass the baton to Daniel Zhang on his 55th birthday next year but remain on the board until 2020

2 min read10 Sep 2018
Companies

Alibaba injects pharmacy assets into healthcare unit in $1.4 billion deal

Alibaba's deal should bolster business for Ali Health amid a broader push into a fast-growing healthcare technology market by other firms in China

1 min read29 May 2018
Companies

Alibaba’s consumer focus gets real, and just in time too

Alibaba is leading a bid to take department store operator Intime Retail Group private

2 min read10 Jan 2017
Companies

Alibaba replaces CEO Jonathan Lu as stock plunges

Alibaba's COO Daniel Zhang will replace Jonathan Lu on 10 May

1 min read7 May 2015

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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