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As a profitable state-owned entity, Aramco has thrived in an age where the tides of capitalism have gravitated towards private enterprise. (Reuters/Maxim Shemetov)
ABDELAZIZ AL FAWZAN

Clerics, credit, jingoism: Saudi Aramco casts IPO net

The world’s most profitable company is seeking to raise around $25-billion from its much-delayed IPO

  • Anuj Chopra
4 min read
Ma’s wealth shot up to $39-billion as his large stake in Ant Financial, operator of the world’s largest money market fund and a mobile payment Goliath, saw its valuation rise. (Reuters)
ALIBABA COM

Alibaba and the $40-billion squeeze

The Chinese government tried to take on thriving online marketplace Alibaba, but owner Jack Ma beat the regulators at their own game.

  • Alistair Fairweather
4 min read
Ma’s wealth shot up to $39-billion as his large stake in Ant Financial, operator of the world’s largest money market fund and a mobile payment Goliath, saw its valuation rise. (Reuters)
ALIBABA COM

E-commerce king rides ‘blind tigers’ to success

The rumour spread like wildfire: was it possible that Jack Ma, one of China’s greatest success stories, was planning to leave the mainland for good?

  • Jonathan Kaiman
2 min read