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Alibaba’s Jack Ma to Hand Chairman’s Role to CEO Zhang Next Year

  Jack Ma will step down as executive chairman of Alibaba Group Holding Ltd. in exactly 12 months’ time with Chief Executive Officer Daniel Zhang...

Alibaba leads US$1.24 billion investment in Wanda Film

  Wanda Film, the cinema operator owned by Chinese billionaire and Wanda Group founder Wang Jianlin, is selling a 7.79-billion-yuan (US$1.24 billion) stake to a...