Ant Group – the $200bn technology titan you’ve never heard of

Mabel R. Acton
 Jack Ma, founder and CEO of the Alibaba Group - Jacques Brinon /Earns Alibaba
Jack Ma, founder and CEO of the Alibaba Group – Jacques Brinon /Earns Alibaba

He is known for his lavish parties and eccentric tastes. In the past Jack Ma, the 55 year-old billionaire founder of Chinese e-commerce giant Alibaba, has attended the group’s annual company festivals dressed up as a punk rocker or as Michael Jackson.

But the public float of his second company, Ant Group, could turn out to be his biggest extravaganza yet.

The forthcoming listing of the payments firm, which was announced on Monday, is expected to value it at $200bn (£158bn) – making it easily the

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A quarter of a billion people could find themselves jobless this year

Mabel R. Acton
Microsoft president Brad Smith. Photo: Getty
Microsoft president Brad Smith. Photo: Getty

Microsoft (MFST) president Brad Smith says global unemployment may reach a quarter of a billion people in 2020.

His stark warning comes as the US Congressional Budget Office estimates a 12.3 point increase in the unemployment rate putting 21 million employees newly out of work.

“It is a staggering number. The pandemic respects no border. Many other countries and continents face similar challenges,” Smith told the BBC.

Millions will need to learn new digital skills to get jobs or retain their existing employment, according to the tech giant boss.

Microsoft recently announced

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Gloucester County Recognized For Location Technology

Mabel R. Acton

GLOUCESTER COUNTY, NJ — Esri, the global leader in location intelligence, presented Gloucester County Office of Emergency Management (OEM) with Esri’s Special Achievement in GIS (SAG) Award on Monday, county officials announced.

Selected from over 300,000 eligible candidates, Gloucester County OEM received the award for its innovative application of mapping and analytics technology, as well as thought leadership in the field of emergency management.

“The Gloucester County Office of Emergency Management has demonstrated impressive work with Geographic Information Systems,” Gloucester County Freeholder Director Robert M. Damminger said. “This work is innovating the way we respond to emergencies. They’ve implemented several

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Did Hedge Funds Make The Right Call On Marvell Technology Group Ltd. (MRVL) ?

Mabel R. Acton

We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity. With this in mind, let’s examine the smart money sentiment towards Marvell

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