Alibaba's Jack Ma steps down as industry faces uncertainty
Beijing: Jack Ma, who founded Alibaba Group, the world's biggest e-commerce company, is stepping down as chairman at a time when the rapidly changing industry faces uncertainty amid a US-Chinese trade war.
Ma stepped down Tuesday as part of a succession announced a year earlier. He will stay on as a member of the Alibaba Partnership, a group of 36 people with the right to nominate a majority of the company's board of directors.
Ma, 55, founded Alibaba in 1999 to connect Chinese exporters to American retailers.
The company has shifted its focus to serving China's growing consumer market. Domestic businesses accounted for 66 per cent of its USD 16.7 billion in revenue in the quarter ending in June.
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DK district Congress demands probe into alleged 'audio clip' of Nalin Kumar Kateel
Mangaluru, Jul 24: Congress leader and former minister B Ramanath Rai on Saturday criticised Dakshina Kannada MP and state BJP president Nalin Kumar Kateel over the recent viral audio clip that purportedly shows him discussing a leadership change in Karnataka and demanded a probe into it.
In the audio clip which went viral on July 18, Kateel is allegedly heard saying that the entire team of ministers, including K S Eshwarappa and Jagadish Shettar will be removed, and though there were three names for chief minister's post, they will not be considered.
However, Kateel has denied that it was his voice in the audio and asked the Chief Minister to hold an investigation.
Rai said BJP MLAs in the district can recognise the voice of Kateel, who has been here for 15 years.
The MP has admitted that the government is corrupt on the audio clip, which went viral on social media. It is undoubtedly the voice of Kateel, he said.
Demanding a probe in the matter, Rai said the police commissioner is an expert in handling cases relating to social media, but probe into this case has been delayed.
Rai also criticized the government on the ED raids on Dainik Bhaskar and Bharath Samachar soon after the two newspapers reported the Pegasus controversy.
