Reports of Jack Ma’s impending retirement are greatly exaggerated, it seems. Ma, the co-founder and executive chairman of Alibaba, has pushed back on claims that he is on the cusp of leaving the $420 billion Chinese e-commerce firm.
The Jakarta-based company plans to close the funding round in several weeks, the person said, asking not to be identified because the information is private. The start-up's existing backers include Tencent Holdings, Temasek Holdings and Warburg Pincus.
This article reviews the findings of Prophet’s 2018 Brand Relevance Index (BRI) survey, the only index designed to measure the importance of brands in consumers’ lives. In several ways, conclusions point towards more sophisticated Chinese shoppers with more faith in Chinese brands.