Jack Ma
Coverage of Jack Ma in the Nexus archive.
- Jack Ma quietly invested $30 million in Corgi, one of Y Combinator's hottest startups
Jack Ma's private equity firm Yunfeng Capital led a $30 million investment in Corgi, a San Francisco AI insurance startup, valuing it at $4 billion. This marks Yunfeng's first known U.S. deal, as the firm typically focuses on Chinese investments.
- Despite China’s 996 culture, DeepSeek founder Liang Wenfeng says his workers don’t do overtime or even have KPIs: ‘No one manages them’
DeepSeek founder Liang Wenfeng claims his AI company operates without KPIs or overtime, contrasting with China's 996 work culture. The startup has grown into a $60 billion AI firm with 173 million app downloads since 2025, emphasizing a relaxed, vision-driven work environment.
- Alibaba elevates tech chief Wu Zeming to elite committee as AI push ramps up
Alibaba Group Holding's chief technology officer Wu Zeming has joined the company’s elite steering committee, which includes Jack Ma and Joe Tsai. The committee, part of the Alibaba Partnership, is responsible for shaping the company's strategy as it intensifies its focus on artificial intelligence.