Skip to content
Subscriber Only
Future Finance

Jack Ma’s New Chieftain Lays Out Plan to Fend Off Tencent

  • Hu wants to make 80% revenue from platform technology services
  • Ant elevates local services importance, expands beyond finance
Jack Ma

Jack Ma

Photographer: Marlene Awaad/Bloomberg
Updated on

Sign up for Next China, a weekly email on where the nation stands now and where it's going next.

Billionaire Jack Ma’s newest chieftain is accelerating Alipay’s evolution into an online mall for everything from loans and travel services to food delivery, in a bid to claw back shoppers lost to Tencent Holdings Ltd.