Jack Ma Archives - New Mail Nigeria https://newmail-ng.com/tag/jack-ma/ Hottest and Latest Updates of News in Nigeria. Re-defining the essence of News in Nigeria Fri, 03 Apr 2020 05:24:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://newmail-ng.com/wp-content/uploads/2024/01/cropped-newmail-logo-32x32.png Jack Ma Archives - New Mail Nigeria https://newmail-ng.com/tag/jack-ma/ 32 32 COVID-19: Medical kits from Jack Ma not contaminated, says Lai https://newmail-ng.com/covid-19-medical-kits-from-jack-ma-not-contaminated-says-lai/ Fri, 03 Apr 2020 05:24:42 +0000 https://newmail-ng.com/?p=118221 Information and culture minister, Lai Mohammed, has said that the COVID-19 kits donated to Nigeria by Jack Ma, Chinese billionaire, are not contaminated. Mohammed decried the spread of fake news on coronavirus across social media platforms. Speaking at the presidential task force (PTF) media briefing on Thursday, he said fake news constitutes a distraction to […]

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Information and culture minister, Lai Mohammed, has said that the COVID-19 kits donated to Nigeria by Jack Ma, Chinese billionaire, are not contaminated.

Mohammed decried the spread of fake news on coronavirus across social media platforms.

Speaking at the presidential task force (PTF) media briefing on Thursday, he said fake news constitutes a distraction to ongoing efforts to curb the spread of the disease.

“The spike of fake news is distracting our fight against COVID-19 and this is quite unhelpful,” he said.

He debunked the report that the task force had shared N5 billion to the most vulnerable people in the country.

He said the essence of the PTF daily briefing is to counter false news and to give the media and the public latest developments on the fight against COVID-19.

The minister added that the PTF briefing is a platform that gives “only authentic and real-time information,” and commended the media for “devoting their time and resources to educating Nigerians on the government’s fight against COVID-19″.

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Jack Ma donates 6m masks, testing kits to Africa as coronavirus spreads to 27 countries on the continent https://newmail-ng.com/jack-ma-donates-6m-masks-testing-kits-to-africa-as-coronavirus-spreads-to-27-countries-on-the-continent/ Tue, 17 Mar 2020 04:52:02 +0000 https://newmail-ng.com/?p=117339 Jack Ma, co-founder of Alibaba, Chinese e-commerce company, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa. Twenty-seven African countries have recorded cases of COVID-19, the latest being Benin, Liberia, Somalia and Tanzania. In a statement on Monday, Ma said the world cannot afford the consequences […]

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Jack Ma, co-founder of Alibaba, Chinese e-commerce company, has announced a donation of 1.1 million testing kits and six million masks to fight coronavirus in Africa.

Twenty-seven African countries have recorded cases of COVID-19, the latest being Benin, Liberia, Somalia and Tanzania.

In a statement on Monday, Ma said the world cannot afford the consequences of a COVlD-19 pandemic in Africa.

“We can take precautions now and get prepared ahead of time as Africa can benefit from the experience and lessons from other countries that were earlier hit hard by the virus,” he said.

“To combat the potential surging demand for medical supplies and equipment in Africa, Jack Ma Foundation and Alibaba Foundation will donate to each one of the 54 African nations 20, 000 testing kits, 100,000 masks, and 1,000 medical use protective suits and face shields.

“In addition, we will immediately start working with medical institutions in Africa to provide online training material for COVID-19 clinical treatment.

“In total, 1.1 million testing kits, 6 million masks, and 60,000 medical use protective suits and face shields will be delivered to Addis Ababa, capital of Ethiopia.”

He said Abiy Ahmed Ali, prime minister of Ethiopia, has agreed to take the lead in managing the logistics and distribution of the supplies to the other African countries.

The renowned entrepreneur said the crisis is proving to be more difficult and longer lasting than was expected, and efforts must be made at preparing against it.

He said the past two months had shown that proactive measures would help in containing the virus.

”Now it is as if we were all living in the same forest on fire. As members of the global community, it would be irresponsible of us to sit on the fence, panic, ignore facts or fail to act. We need to take action now!” he said.

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Alibaba more valuable than Coca Cola, Walt Disney https://newmail-ng.com/alibaba-now-valuable-coca-cola-walt-disney/ Mon, 22 Sep 2014 06:52:37 +0000 http://newmail-ng.com/new/?p=13938 Alibaba Group Holding Ltd’s shares surged by more than 40 percent in their first day of trading as investors jumped in to buy what looks likely to be the largest IPO in history. More than two hours after trading began at the New York Stock Exchange (NYSE), the stock opened at $92.70 and rose from […]

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Alibaba Group Holding Ltd’s shares surged by more than 40 percent in their first day of trading as investors jumped in to buy what looks likely to be the largest IPO in history.

More than two hours after trading began at the New York Stock Exchange (NYSE), the stock opened at $92.70 and rose from there, hitting a high of $99.70 in active trading, during which more than 100 million shares change hands in composite trading in the first 10 minutes of trading.

Cheers went out among traders on the NYSE floor at Wall and Broad Streets as the stock started to trade shortly before noon.

“This is by far the biggest IPO event-extravanganza that we’ve had,” said Peter Costa, floor trader at Empire Executions Inc.

The pricing on Thursday initially raised $21.8 billion for the Chinese e-commerce company. Scott Cutler, head of the New York Stock Exchange’s global listing business, told CNBC that underwriters would exercise their option for an additional 48 million shares, to bring the IPO’s size to about $25 billion, making it the largest IPO in history.

Alibaba is nearly unknown to most Americans but is ubiquitous in China, where it is responsible for 80 percent of online sales. The company earned $3.7 billion in the 12 months ended March 31, 2014, up about $2 billion from the prior 12-month period.

The sale values the company at about $168 billion, more than American icons such as Walt Disney Co. and Coca-Cola Co. . Should the stock close at $98 on its first day, it would be worth about $241 billion, nearly the value of Wal-Mart Stores Inc.

Jack Ma, a former English teacher, founded Alibaba in 1999 in his apartment. His personal fortune is more than $14 billion on paper, vaulting him into the ranks of such tech billionaires as Bill Gates and Jeff Bezos. The deal is also expected to make millionaires out of a substantial chunk of the company’s managers, software engineers and other staff.

The rise in the stock exceeds the average gain by new IPOs on US exchanges of late. In the second quarter, the average first-day gain was 9.2 percent, according to Renaissance Capital IPO Intelligence. Underwriters usually aim for a gain of 10 percent to 15 percent on the first day.

“We did put in for the IPO and we are getting an allocation, though not the full allocation we put in for. We probably got about 10 percent of that,” said Michael Matousek, head trader at US Global Investors Inc. in San Antonio.

Demand was intense among the retail investor crowd as well. J.J. Kinahan, chief market strategist at retail brokerage TD Ameritrade Holding Corp, said the company received customer orders amounting to about 70 percent of what it saw for Facebook, and about three times the customer orders it had for Twitter’s IPO.

With underwriters electing to sell more shares, the company’s initial public offering becomes the largest in history, surpassing Agricultural Bank of China Ltd’s $22.1 billion listing in 2010.

Alibaba Group’s orange banners were festooned around the exchange, with its logo on NYSE computer screens. Ma was on hand at the trading floor to watch several long-time customers ring the opening bell at the exchange.

“I don’t want disappointed shareholders, I want to make sure they make money,” Ma said of the pricing, on CNBC, adding that he worries most when customers are happy.

NYSE held extensive tests to ensure it would be able to handle heavy trading volume and kept a call going on Friday with periodic updates to note the indicated price range and to say that systems were working properly.

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