Hello
As China's top market watchdog began investigation into alleged anti-competition practices by the e-commerce giant Alibaba, the country also laid out "rectification plan" for Ma's fintech venture Ant Group.
The case comes weeks after India cited security concerns in banning Alibaba's UC News, UC Browser and 57 other Chinese apps after a clash between the two countries' forces on their border.
One of Daniel Zhang's major challenges will be finding new areas of growth as China's e-commerce sector matures
China's richest man gave this advice to the employees during Alibaba staff's group wedding in the country.
The e-commerce magnate weighed into a debate about work-life balance and the overtime hours demanded by some companies as the sector slows after years of breakneck growth.
The Forbes 'real-time ranking' of the world's billionaires places Xu at number 20, one spot ahead of Jack Ma.
It was unclear why the paper chose to mention Ma's affiliation now but it comes amid a push by Beijing to bring the country's private enterprises more in line with Party values.
Singles' Day is the world's biggest online sales event and last year netted Alibaba 168 billion yuan in total sales.
The two countries have set tariffs on hundreds of billions of dollars of each other's goods.
Once an English teacher in China, Jack Ma found his way to becoming one of the most successful businessman in the world through hard work and sheer will.