The life of Jack Ma, founder of Alibaba. He grew up poor in China and was rejected from multiple jobs before finding success in tech.

Alibaba Group Holding Ltd. posted its fastest pace of revenue growth in more than a year, as the Chinese internet pioneer co-founded by Jack Ma takes another step toward a recovery after years of turbulence.

Ant Group Co.’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech giant founded by Jack Ma.The Hangzhou-based online finance firm contributed nearly 4.

China has invited prominent entrepreneurs including Alibaba Group Holding Ltd. co-founder Jack Ma to meet the nation’s top leaders, people familiar with the matter said, a potentially momentous show of support for the private sector after years of turmoil.

Social media was abuzz with users praising Mr Ma for his return to the public spotlight. "Congratulations [Jack] Ma for the safe landing," said one user on Chinese social media platform Weibo. "The comeback of [Jack] Ma is a shot in the arm to the current Chinese economy," said another.

Alibaba Group Holding Ltd. has achieved a significant 5% reduction in share count over the past nine months through aggressive buyback initiatives, demonstrating strong capital return commitment amid robust financial performance.

Chinese e-commerce firm Alibaba Group Holding posted its fastest revenue growth in over a year, beating analyst expectations as it capitalizes on the artificial intelligence boom in China.

On Feb 20, Alibaba reported a faster-than-projected 8 per cent rise in sales to 280.2 billion yuan (S$51.6 billion) in the December quarter, after cloud services revenue expanded its most on a quarterly basis in about two years.