243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Jul 10, 2016
Reading time
2 minutes
Download
Download the article
Print
Text size

Jack Ma says lawsuits, probes help Alibaba to be understood

By
Reuters
Published
Jul 10, 2016

Lawsuits and investigations are an opportunity for Alibaba Group Holding Ltd to be better understood, founder and executive chairman Jack Ma said in an interview on Saturday.

The U.S. Securities and Exchange Commission launched a probe earlier this year into the Chinese e-commerce firm's accounting practices to determine whether they violated federal laws. Questions about Alibaba's growth rate and its relations with affiliated companies have dogged the firm for years.



"If you want to sue us, sue us," Ma said.

"It's an opportunity for us to let them understand what we're doing," he told Reuters, saying he had complied with SEC requests but did not know when the U.S. agency would respond with a finding.

Ma was speaking after the first day of a two-day philanthrophy conference hosted by the Alibaba Foundation, a charitable organisation established by the group.

He said Alibaba had been transparent and provided the SEC with everything it had asked for.

In 2014, the now 51-year-old Ma and Alibaba co-founder Joe Tsai pledged share options worth about $3 billion at the time to a newly established charitable trust in the biggest donation of its kind in China.

It took the Jack Ma Foundation a year to register, said Ma.

China boasts more billionaires than anywhere else in the world, yet lags in public philanthropy as the wealthy prefer to keep a low profile.

Ma, who has a net worth of $21.8 billion according to the 2015 Forbes Rich List, said Chinese culture warns that nothing good will come of having a high profile, adding that his dad sent him a message on Friday advising him to keep his low.

Ma said that many private non-government organizations in China were not considered "authentic".

"We find the system does not work, so people stop and say what am I going to do, so sometimes people like us, we do it on our own," said Ma.

Critics say the environment in China for NGOs has become more restrictive this year.

In new laws governing charities and non-government agencies brought in in the first half of the year, the government has sought to rein in groups that endanger national security, which commentators say gives Beijing the right to close groups as they wish.

In April this year, the founder of China's Tencent Holdings Ltd, Pony Ma, said he plans to donate 100 million company shares, worth more than $2 billion, to a new charity fund in the second biggest philanthropic pledge after Jack Ma's.
 

© Thomson Reuters 2024 All rights reserved.

Tags :
People