Showing posts with label Jack Ma. Show all posts
Showing posts with label Jack Ma. Show all posts

2018-09-11

September Investing & Trading Strategies (video)

Morning Jolt from TheStreet.com:

Investing Strategies: TheStreet.com's "Morning Jolt" video above published Monday morning Sep 10, 2018, discusses Alibaba $BABA, Apple $AAPL, and other issues.

Note: Monday, Sep 10, 2018 4:04 p.m. EDT--S&P 500, NASDAQ break 4-day losing streak as tech shares rebound | marketwatch.com.

NASDAQ Composite
So far in 2018, the S&P 500 has gained +7.6%, the Dow is up about +5%, while tech-centric NASDAQ is now up nearly +15% in the first nine months of the year.

September Trading Strategies

Trading Strategies: September historically has been a rough time for the markets with the S&P500 clocking a 0.5% average decline during the month since 1950, according to data from LPL Research. But will stocks buck the trend this year and continue to reach new heights as they did in August? Stocks traditionally post declines in August as well, but this year, the S&P 500 clocked a 3% gain during the month.

On September 25-26, a closely watched Federal Reserve meeting is expected to issue another interest rate hike announcement. Investors will also be watching trade negotiations between Canada, China and the EU.

TheStreet.com video above was streamed live Sep 6, 2018, and features:
•Kristina Hooper, chief global investment strategist, Invesco
•Alicia Levine, head of investment strategy, BNY Mellon
•Ann Miletti, senior portfolio manager, Wells Fargo Asset Management
•Brian Levitt, senior investment strategist, OppenheimerFunds


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DISCLAIMER

2018-08-23

Alibaba $BABA Q2 2018 Earnings, LIVE Webcast August 23, 7:30am EDT

$BABA
Alibaba Group (NYSE: BABA) June Quarter 2018 Results
August 23, 2018 Conference Call: 7:30 a.m. U.S. EDT (details below) LIVE Webcast here (replay).
Investor Relations: https://www.alibabagroup.com/en/ir/home

(Q1 FY19) June Quarter 2018 Results: Press Release (pdf, excerpts below) and Presentation (pdf).
"Revenue was RMB80,920 million (US$12,229 million), an increase of 61% year-over-year.  
"Mobile MAUs on our China retail marketplaces reached 634 million in June 2018, an increase of 17 million over March 2018. 
"Income from operations was RMB8,020 million (US$1,212 million), a decrease of 54% year-over-year due to a one-time increase in share-based compensation expense related to Ant Financial’s awards to our employees, which was the result of a significant increase in the valuation of Ant Financial in its most recent round of equity fundraising (see “Costs and Expenses – Shares-based Compensation Expense” and “Business and Strategic Updates—Updates on Ant Financial” below). Excluding Ant Financial-related share-based compensation expense, our income from operations would have increased by 9%. "
Alibaba Group Holding Limited (NYSE: BABA) had previously announced it would report its unaudited financial results for the quarter ended June 30, 2018 before the U.S. market opens on Thursday, August 23, 2018, and would hold a conference call to discuss the financial results at 7:30 a.m. U.S. EDT (7:30 p.m. Hong Kong Time) the same day.

LIVE webcast of the earnings conference call can be accessed at https://www.alibabagroup.com/en/ir/earnings. An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 5096826).

Details of the conference call via phone are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 5096826

Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司; pinyin: Ālǐbābā Jítuán Kònggǔ Yǒuxiàn Gōngsī) is a Chinese multinational e-commerce, retail, internet, AI and technology conglomerate founded in 1999 that provides consumer-to-consumer, business-to-consumer and business-to-business sales and services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. See also: Starbucks and Alibaba Group Form Strategic Partnership to Transform the Customer Experience in the Coffee Industry in China.


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2018-05-04

Alibaba $BABA FY18 Financial Results, LIVE Webcast May 4, 7:30am EDT

Alibaba's Joe Tsai: We're Looking Long-Term, Beyond 'Trade War Blip'

CNBC.com video above published April 30, 2018: Joe Tsai, Alibaba executive vice chairman, speaks to CNBC's David Faber at the Milken Conference about the business effects of U.S.-China trade war rhetoric.

$BABA
Alibaba Group Holding Limited
Stock Exchange: Symbol  |  NYSE: BABA
Domain: alibabagroup.com

UPDATE: $BABA March Quarter 2018 and Full Fiscal Year 2018 Results: Press Release
“Fiscal 2018 culminated with a quarter we are very proud of. Full year revenue grew 58%, core commerce revenue grew 60%, with profit growth of over 40% and annual free cash flow of US$15.8 billion,” said Maggie Wu, Chief Financial Officer of Alibaba Group. “Looking ahead to fiscal 2019, we expect overall revenue growth above 60%, reflecting our confidence in our core business as well as positive momentum in new businesses. We expect our new growth initiatives will drive long-term, sustainable value for our customers and partners and increase our total addressable market.”
Webcast replay available here.

Presentation (pdf) embed below:

Original Post
Release of unaudited financial results for the quarter and fiscal year ended March 31, 2018 before the U.S. market opens on Friday, May 4, 2018, via the Alibaba Group’s Investor Relations website at http://www.alibabagroup.com/en/ir/home (earnings release and accompanying slides) prior to the LIVE webcast and conference call (see below) that same day.

LIVE webcast [http://www.alibabagroup.com/en/ir/earnings] and conference call to discuss the financial results at 7:30 a.m. U.S. EDT (7:30 p.m. Hong Kong Time) May 4, 2018.

Details of the conference call are as follows:
  International: +65 6713 5090
  U.S.: +1 845 675 0437
  U.K.: +44 203 621 4779
  Hong Kong: +852 3018 6771
  Conference ID: 6887267

An archived webcast will be available through the same link above following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 6887267).

See also: Jack Ma's Free Spending Ways Are Spooking Alibaba's Investors | Bloomberg.com"That applies equally to Tencent, which has lost more than $100 billion of market value since its Jan. 23 apex."

Alibaba Group Holding Limited is a Chinese multinational e-commerce, retail, internet, AI and technology conglomerate founded in 1999 that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors.

Alibaba was founded April 4, 1999, at Hangzhou, China, founders include Jack Ma.
  • CEO: Daniel Zhang (May 10, 2015–)
  • Headquarters: Hangzhou, China
  • Subsidiaries
About Alibaba Group (source: alibabagroup.com)
"Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years."


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DISCLAIMER

2018-04-02

Alibaba Group Chairman Jack Ma: From KFC Reject to Asia's Richest Man

Jack Ma: From KFC Reject to Asia's Richest Man

Jack Ma wasn't born rich but now he is the richest man in Asia. This Bloomberg profile tells the story of how Ma started as a poor kid in China's countryside, learned English, got rejected from a job at KFC but then went on to found Alibaba, the massive e-commerce site. Video by Vicky Feng, Lulu Chen --Bloomberg.com video published Jan 25, 2018.

Alibaba Group Holding Ltd
NYSE: BABA
 $BABA

Infographic: China Will Be the World's Largest Digital Market by 2018 | Statista  Statista.comInfographic: Chinese Singles' Day Eats Cyber Monday for Breakfast | Statista Statista.comInfographic: 2016's Tech Billionaires | StatistaStatista.com

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DISCLAIMER

2018-01-23

World Economic Forum Annual Meeting 2018, Davos, Jan 23-26 (video)

President Donald Trump speaks at Davos 2018

World Economic Forum video above streamed LIVE January 26, 2018: Donald J. Trump, 45th President of the United States, speaks live at Davos for the World Economic Forum Annual Meeting 2018.

Jack Ma: eCommerce Is Changing the Way We Do Business

World Economic Forum video above: eCommerce could enable small businesses to be global players. What are the next steps?

World Economic Forum Annual Meeting 2018 23-26 Jan 2018, Davos-Klosters, Switzerland.
WEF18 Highlighted sessions:
GMT Time and Date Converter
  • LIVE Twitter Feeds #wef18 and @wef below
Trump will be there--Swiss mountain town Davos relishes its turn in Trump spotlight | reuters.com.

See also: Trump to attend World Economic Forum in Switzerland, a gathering synonymous with wealth and power | The Washington Post: "the unorthodox U.S. leader face to face with global elites"

Creating a Shared Future in a Fractured World

#wef18


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DISCLAIMER

2017-12-01

Alibaba Group $BABA Takes Stake in China's Largest Hypermarket Chain

How Alibaba Plans to Take on Wal-Mart in China

Bob O'Donnell, Technalysis Research (domain: technalysisresearch.com) president, and Bloomberg's Selina Wang discuss Alibaba Group Holding Ltd.'s (NYSE: BABA) $2.9 billion deal to buy a slice of China's largest hypermarket chain--Alibaba will buy a stake of over 36% in Sun Art Retail. They speak with Bloomberg's Emily Chang on "Bloomberg Technology," Nov 20, 2017.

Sun Art Retail Group Limited"Sun Art Retail is a leading hypermarket operator in China with 14.6% market share by retail sales value, as of 31 December 2016. Sun Art Retail‘s hypermarket business operates under two recognized banners – “Auchan” (歐尚) and “RT-Mart” (大潤發). "

Domain: sunartretail.com

In commerce, a hypermarket is a superstore combining a supermarket and a department store.




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2017-11-02

Alibaba Group $BABA Quarterly Results, LIVE Webcast Nov 2, 7:30am ET

$BABA shares up almost 83% in the past year as of Oct 31, 2017
Alibaba Group Holding Limited (NYSE: BABA) (domain: alibabagroup.com) will release unaudited financial results for the quarter ended September 30, 2017, before the U.S. market opens on Thursday, November 2, 2017, via Alibaba Group’s Investor Relations website: alibabagroup.com/en/ir/home.

LIVE Webcast conference call to discuss the financial results that same day at 7:30 a.m. U.S. ET (7:30 p.m. Hong Kong Time). 
Conference call dial-in:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 96302187

September Quarter 2017 Results Press Release (pdf) and Presentation (pdf) embed below:
An archived webcast will be available through the same link above following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 96302187). More info: http://www.alibabagroup.com/en/ir/earnings.

Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.

Founders: Jack MaPeng LeiJoseph C. TsaiCathy Zhangand more
Founded: April 4, 1999, Hangzhou, China
Chairman: Jack Ma; CEO: Daniel Zhang (May 10, 2015–)
Subsidiaries: Alibaba.com, UCWeb, Ant Financial, Alibaba Cloud, and more.

About Alibaba Group (source: AlibabaGroup.com)
Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Tmall.com, formerly Taobao Mall, is a Chinese-language website for business-to-consumer online retail, spun off from Taobao, operated in China by Alibaba Group:
Infographic: China's Parallel Online Universe | Statista source: Statista.com

Infographic: China Will Be the World's Largest Digital Market by 2018 | Statista source: Statista.com

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DISCLAIMER

2017-08-17

Alibaba Group $BABA Q2 2017 Earnings LIVE Webcast Aug 17 Replay

Alibaba and Tencent Place Big Bets to Justify Valuations

Video above published Aug 14, 2017: Alibaba and Tencent can count themselves among the world’s costliest technology companies after a stellar run. To justify those lofty valuations, China’s two largest corporations have to deliver on some of the riskiest bets they’ve placed in years. Bloomberg's Selina Wang has more on "Bloomberg Technology."

Alibaba Group Holding Limited (domain: alibabagroup.com)
 $BABA

Stock exchange: symbol  |  NYSE: BABA

Alibaba Group release of unaudited financial results for the quarter ended June 30, 2017: before U.S. market open on Thursday, August 17, 2017.

Conference call to discuss the financial results at 7:30 a.m. EDT (U.S. Eastern Time) (7:30 p.m. Hong Kong Time) August 17:
LIVE Webcast Replay of the earnings conference call. The replay of the conference call will also be available for one week via dial-in number: +61 2 8199 0299; conference ID: 61383477.  Press Release (pdf) excerpt below, and Presentation (pdf) embed below:
Excerpt from Alibaba Group Press Release



See also:

About the Alibaba Group (source: Alibaba Group)
"Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years."
Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.
  • Founded: April 4, 1999, Hangzhou, China
  • Principal shareholder: Jack Ma (7.8%)
  • CEO: Daniel Zhang (May 10, 2015–)
  • Subsidiaries: Alibaba.com, Ant Financial, AutoNavi, Alibaba Cloud, MORE
  • Founders: Jack Ma, Peng Lei
  • Alibaba is the world's sixth-largest internet company by revenue according to wikipedia.org. Other Chinese companies in the top ten: JD.com (3), Tencent (5), and Baidu (8).

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2017-06-12

Alibaba Group $BABA 2017 Investor Day June 8-9 Presentations


Alibaba Group Holding Limited (NYSE: BABA  |  Domain: AlibabaGroup.com) hosted an Investor Day on June 8-9, 2017 (China Time) at Alibaba Xixi Headquarters, Hangzhou, China. Speakers included Jack Ma (Executive Chairman), Joe Tsai (Executive Vice Chairman), Daniel Zhang (CEO), Maggie Wu (CFO) and other members of the senior management team.

2017 Investor Day June 8-9, 2017
Venue: Alibaba Xixi Headquarters, Hangzhou, China
Speakers: Jack Ma (Executive Chairman), Joe Tsai (Executive Vice Chairman), Daniel Zhang (CEO), Maggie Wu (CFO) and other members of our senior management team.

Key executive sessions:
Strategic Perspective on the Alibaba Economy : Daniel Zhang, Chief Executive Officer
Video  |  Presentation


Financial Perspective and Guidance : Maggie Wu, Chief Financial Officer
Video   |  Presentation




Presentation materials of the day:
About Alibaba Group: Alibaba Group's mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years. (source alibabagroup.com) 

Investor relations: http://www.alibabagroup.com/en/ir/home


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DISCLAIMER

2017-01-24

Alibaba $BABA Q4 2016 Results, Jan 24th LIVE Webcast Replay

Alibaba's Jack Ma Calls for a More Inclusive Globalization at Davos 2017:

Video above published Jan 18, 2017: Globalization of business is good, but it hasn’t been good enough so far, said Alibaba Executive Chairman Jack Ma. Ma discusses his meeting with Trump, jobs, and global trade.

Alibaba Group $BABA UP 41.15% in 1 year (source: google.com)
Alibaba Group Holding Limited NYSE:BABA [alibabagroup.com] December Quarter 2016 (Q4 2016) unaudited financial results to be reported before U.S. market opens Tuesday, Jan. 24, 2017. January 24, 2017 Conference Call and Webcast at 7:30 a.m. ET (US) / 8:30 p.m. Hong Kong Time.
  • LIVE Webcast replay via http://www.alibabagroup.com/en/ir/earnings. The archived webcast will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 48066090).
  • Alibaba Group's Investor Relations website at http://www.alibabagroup.com/en/ir/home:
    December Quarter 2016 Results Press Release and Presentation: In the quarter ended December 31, 2016, revenue was RMB53,248 million (US$7,669 million), an increase of 54% year-over-year. Outlook for fiscal year 2017, "we expect revenue to increase 53% year-over-year."  
  • FQ3 EPS $1.30 beat consensus by $0.17. Revenue of $7.7B beat by $370M.
  • $BABA shares opened UP at the NYSE market open on January 24, 2017.
Alibaba Group presentation slides:



See also:



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2017-01-10

Alibaba's Jack Ma Meets With Trump, Discuss 1 Million New US Jobs

President-elect Donald Trump said he had a "great meeting" with Alibaba executive chairman Jack Ma on Monday, when they discussed 1 million new U.S. jobs. Ma said that Alibaba's expansion would focus on products like garments, wine and fruits, especially in the Midwest. "We're focused on small business," Ma told reporters. "We specifically talked about ... supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we're pretty big in Asia."- more on cnbc.com.

Principal domains: alibaba.com | alibabagroup.com

U.S. brands selling on Alibaba's Tmall.com and TmallGlobal
How a Washington State apple farmer exports to China's consumers with help from Alibaba

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DISCLAIMER

2016-11-02

Alibaba Group $BABA Q3 2016 Results, LIVE Webcast Nov 2 Replay


Alibaba Group Holding Limited
Stock Exchange: Symbol | NYSE: BABA
Principal domains: alibabagroup.com / alibaba.com
Chart of Alibaba Group's major businesses | DomainMondo.com
Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. Headquarters: Hangzhou, Zhejiang, China--Wikipedia.org 
Alibaba Group Holding Limited (NYSE: BABA) will report its unaudited financial results for the quarter ended September 30, 2016 before the U.S. market opens on Wednesday, November 2, 2016, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) November 2nd.

Details of the conference call are as follows:
International: +65 6713 5090
U.S.: +1 845 675 0437
U.K.: +44 203 621 4779
Hong Kong: +852 3018 6771
Conference ID: 2604870
LIVE webcast of the earnings conference call: http://www.alibabagroup.com/en/ir/earnings
An archived webcast will be available through the same link following the call. A replay of the conference call will be available for one week (dial-in number: +61 2 8199 0299; conference ID: 2604870).  Alibaba Group Holding (BABA) Q2 2017 Results - Earnings Call Transcript | SeekingAlpha.com


Earnings Press Release (pdf) and Earnings Presentation (pdf): Alibaba FQ2 EPS $0.79 beats consensus estimate by $0.10. Revenues of $5.14B (+47.3% Y/Y) beat by $110M. Shares are UP in pre-market trading.

BUSINESS HIGHLIGHTS for the quarter ended September 30, 2016:
Revenue was RMB34,292 million (US$5,142 million), an increase of 55% year-over-year.
‒ Revenue from core commerce increased 41% year-over-year to RMB28,493 million
(US$4,273 million).
‒ Revenue from cloud computing increased 130% year-over-year to RMB1,493 million
(US$224 million).
‒ Revenue from digital media and entertainment increased 302% year-over-year to RMB3,608
million (US$541 million).
‒ Revenue from innovation initiatives and others increased 78% year-over-year to RMB698
million (US$104 million).

Mobile MAUs on our China retail marketplaces reached 450 million in September, an increase of 23
million over June, while annual active buyers on our China retail marketplaces reached 439 million,
an increase of 5 million from the 12-month period ended in June.
The number of paying customers of our cloud computing business grew to 651,000 from 577,000 in
the previous quarter. Operating loss from cloud computing was RMB398 million (US$60 million)
this quarter, and adjusted EBITA loss narrowed from RMB158 million in the previous quarter to
RMB57 million (US$8 million) this quarter.

Income from operations was RMB9,045 million (US$1,356 million) and adjusted EBITDA was
RMB15,875 million (US$2,381 million). Operating margin was 27%, adjusted EBITDA margin was
46% and adjusted EBITA margin for core commerce was 62%.
Diluted EPS was RMB2.97 (US$0.45) and non-GAAP diluted EPS was RMB5.26 (US$0.79).
Net cash provided by operating activities was RMB17,206 million (US$2,580 million) and nonGAAP
free cash flow was RMB13,943 million (US$2,091 million).

Alibaba Group’s Investor Relations: http://www.alibabagroup.com/en/ir/home

See also Alibaba Doubles Down on Entertainment With $1.5 Billion Fund | Bloomberg.com: Alibaba creates new digital media company, Alibaba Digital Media and Entertainment Group, to consolidate media assets, announces $1.48B fund for new projects.



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DISCLAIMER

2015-12-28

After Wuzhen, Should ICANN President & CEO Fadi Chehade Be Fired?

UPDATE 22 Jan 2016: Fadi "bags" another one "on ICANN's dime" to add to his "Portfolio"

UPDATE 20 Jan 2016: What To Do With ICANN CEO Fadi Chehade? ICANN Board Chair Knows

UPDATE 2 Jan 2016 from the ICANN CCWG-Accountability public mail list: Follow-up from the Word [sic] Internet Conference [World Internet Conference (WIC)] in China: ".... Xi is not Mao, so all can make their own judgment‎ on the current Chinese regime. But, as Prof. Mueller has written, WIC is undeniably a ‎CCP [Chinese Communist Party] project to challenge the prevailing MS IG [Multi-stakeholder Internet Governance] model established by US and other liberal democracies. By passively accepting the "incident" ICANN's Board has implicitly associated the organization [ICANN] with WIC. This is not some post-departure personal engagement by the CEO. Who thinks he would be Co-Chair if he was not the CEO and supplied WIC with a certain degree of cover? And the Advisory Committee has already met. Maybe associating ICANN with a CCP multilateral project before US Congress has removed the freeze on the IANA transition not the best idea? On other hand, not having transition completed might be viewed as a positive development by CCP.‎ The Chinese play Go, not Chess." (emphasis and link added)

UPDATE: ICANN President & CEO Fadi Chehade kept the ICANN Board "in the dark" about the "shenanigans" he had planned for Wuzhen:

Q: "... it appears that the Board was briefed by Fadi on his role as Co-Chair of the Advisory Committee after it was publicly announced that he had accepted the position, indicating that the Board was not advised in advance of his decision to accept the role. Is that a correct interpretation of the sequence of events?"

Answer from Bruce Tonkin, ICANN Board Member: "Yes."
(source: CCWG public mail list)

Above: Tweet of ICANN President and CEO Fadi Chehade, and Reply Tweet from Andrew Sullivan (Sullivan tweeting from his personal twitter account). Sullivan is Chair of the Internet Architecture Board (IAB) and active in both IETF and ICANN.

Background: As reported on Domain Mondo and elsewhere, ICANN CEO Fadi Chehadé attended, at ICANN's expense, the second World Internet Conference (WIC), recently held in Wuzhen, China, where Chehade joined 'a high-level advisory committee', and also gave his 'personal' support and endorsement which he announced publicly via his verified ICANN President Twitter account (see above). The agenda of  China's government-sponsored World Iinternet Conference (WIC)--

High-level advisory committee established for World Internet Conference: "A high-level advisory committee for the World Internet Conference's (WIC) organizing committee secretariat was established on Wednesday, the organizing committee said Thursday. The advisory committee held its first meeting on the sidelines of the second WIC in Wuzhen of east China's Zhejiang Province. Jack Ma, founder of China's Internet giant Alibaba, and Fadi Chehade, President and CEO of ICANN, act as co-chairman of the advisory committee...." 
"Pursuant to discussions at the High-Level Advisory Council (HAC), the WIC Organizing Committee proposes the [Wuzhen] Initiative as follows: .... 5. Improving the global Internet governance ... and feature a multilateral [meaning intergovernmental], democratic and transparent global Internet governance system, with more valuable and inclusive involvement of governments ...." (source)
The negative reaction on Twitter and the ICANN CCWG-Accountability public mail list was almost immediate. Subsequently Chehade posted a response on the ICANN website in which he said the "first meeting" of the advisory committee "will take place in Summer 2016" which the official Chinese press report above contradicts.

Beyond the embarrassment and distracting spectacle that Fadi Chehade has brought upon ICANN at a critical juncture in its IANA transition planning, there are 2 aspects of Chehade's Wuzhen fiasco at play here which should be of concern to the ICANN Board and the "ICANN community"--

1. That Fadi Chehade continuing as ICANN CEO, even for a few weeks until March 12, 2016, puts at risk the entire IANA transition process, from CCWG-Accountability and its Chartering Organizations, to alarmed Republicans and Democrats in Washington, D.C.

2. That Fadi Chehade knowingly made what he probably thought was a shrewd career move in Wuzhen, aware his days as ICANN CEO are soon ending:
  • exploiting his soon-expiring credentials as ICANN President and CEO by lending his "personal," and by implication as President and CEO, ICANN's support to China's Wuzhen Initiative to reform global internet governance into a government-led multilateral vision of national sovereignty as envisioned by Beijing and others; accepting China's agenda for internet governance reform, promoting China's WIC as the global internet community forum to discuss and plan for these changes, all of which implies that multistakeholderism as practiced by ICANN doesn't work, and eventually will be replaced anyway by a multilateral solution after the US government loses control and gives up its "oversight" of ICANN; and/or
  • Chehade felt obligated to repay Alibaba's Jack Ma for joining Chehade's top-down, ICANN-funded project known as the "NETmundial Initiative" after most of the global internet community had rejected Chehade's leadership and vision for that "initiative" which isn't going anywhere and most likely will be defunded by ICANN after Chehade is no longer CEO. Note that Jack Ma and Chehade are also Co-Chairs of the NETmundial Initiative.
One point needs to be clear here: neither China, nor Jack Ma, nor anyone else (other than ICANN CEO Fadi Chehade), did anything wrong or questionable at Wuzhen. Many, and not just in places like China and Russia, question whether ICANN, with its own peculiar form of multistakeholderism, is truly up to the task of "coordinating the global DNS" in the "global public interest" without government oversight (U.S., intergovernmental, or otherwise). ICANN's own founding Chair, Esther Dyson:
".... a financial conflict of interest that continues to this day: ICANN subsists on the very industry it purports to govern. [Esther] Dyson says she “lost any faith, over time,” in ICANN’s ability to regulate the domain-name business." source: ICANN's Boondoggle | MIT Technology Review, August 21, 2012
Anybody who believes Chehade's after-the-fact stated rationale for his actions and words in Wuzhen --that he will somehow be able to successfully advocate multistakeholderism, which would require a complete sea-change in Beijing's worldview of internet governance and the already stated objectives of the Wuzhen Initiative-- must be naive or gullible. But that's too often the way of ICANN or at least its current CEO: spin the narrative and hope no one is able or willing to see and speak the truth.

Unfortunately for Chehade, more than just a few people are now seeing and speaking--here are just 2 of the comments on the public CCWG mail list (emphasis added)--

Comment #1:
"This is not just a matter of judgment, but a matter of cross-cultural judgment. The [ICANN] CEO gets paid to get this right. And I REALLY expected better from Mr Chehade' in that department. Actually, I would not have expected this kind of behaviour from recent previous CEOs. Certainly not from Paul [Twomey]. In fact not even from Rod [Beckstrom], who despite his public persona and irritating Hollywood rockstar ways was, in many ways, quite sensitive to non-US cultures! In China, relationships matter. Appearance matters. A lot. Both of those things can be as important, if not more important than the 'letter of the law' as to whose dime he was on when carrying on the discussion with the relevant actors inside China. The American way (and the British, to a lesser extent) is based on a literal interpretation of the rules (with a seasoning of 'wiggle-room' for peccadilloes). So while it's understandable to hear from some of you that you don't see the problem, some of us really, really see a big issue here.

"I'm not going to complain loudly about the ethics side, although I personally find it curious that Fadi was there on ICANN's dime, yet once again making announcements 'in his personal capacity'. A CEO can never be in his personal capacity, in my view until he gets his cardboard box. (It was strange how the reporters describe him as ICANN's CEO, though. Oh yes, that's because he IS. Even yet.) The issue is that the head of ICANN, voluntarily handed in his resignation, choosing to leave early, before transition was complete, and in another revolving-door shocker joined an organisation with an apparently completely different world view, and chose Wuzhen
to make supportive statements of them and their backers.

"Once again, 'it's not what they say, its what others hear'. UK public servants have a purdah period before moving to organisations that operate in the same sphere. Why, in the name of accountability, does ICANN still not? (Have we forgotten and already discounted the terrible optics of Dengate-Thrushgate?). A mere six months would not be onerous. Please don't dissect Fadi's actual words. They don't count. Hardly at all. It's the nature of 'who', 'where', and 'when' that counts much more than 'what', or even 'why'." 


Comment #2:
"... Where I come from [U.S.], any public official (and let's not kid ourselves -- that is what Fadi is) who did what Fadi did would be subject to discipline if not removal. While acting in a public role, the official has no private capacity -- none at all. At least in the world I inhabit that prohibition is so stringent that it applies even to actions that would be (under any reasonable test) so clearly distinct that the likelihood of confusing the public role with the private role was virtually non-existent. For a particularly telling recent example of this, consider this story: Meet the author of ‘The Revenant’ — except you can’t because of his federal job - The Washington Post .... But as I said, here we [U.S.] are so cautious about even the appearance of impropriety that the author is not doing any public relations for his movie. As others have pointed out for Fadi the possibility of confusion is clearly much higher -- the press and the public will (and have) [*see below] linked his new "personal capacity" job to his current status as CEO of ICANN -- which is of course exactly why he was hired and exactly what the Chinese wanted. Frankly, as ... said, I find his behavior troubling and remarkably tone deaf. I should add that the purpose of the restriction on trading on your public position works both ways. We worry not only about the new "private" connection currying favor with public official, we also worry that the official may make decisions in his public capacity that are now to benefit his future private actions rather than the public interest. It isn't the connection and the cooperation that is troubling (as ... notes) -- it is the promise of future employment with unknown benefits that was made while the public official was still working for the public that raises the questions."

*Anonymous Hacks .... | Softpedia: "... Quite recently, China's President, Xi Jinping, held a speech at the second World Internet Conference, where he invoked his country's right to censor the Internet inside its borders, a right that every other country should exert as well. Even worse, at the same conference, ICANN (Internet Corporation for Assigned Names and Numbers), the organization that is in charge of managing domain names, has also pledged their support for a new plan for running the Internet, where Chinese figures have a more powerful word in the decisions taken by the organization. Since next year, ICANN will take over more IANA (Internet Assigned Numbers Authority) functions from the US government, this would give the Chinese government more power in how the global Internet is managed ...." (emphasis added)

You can read about "Dengate-Thrushgate" involving a prior ICANN Board Chairman here. ICANN has quite a history of conflicts of interest, lack of accountability and transparency, secrecy, rewarding insiders including ICANN officers even after resigning due to "conflicts of interest". None of this comes as a surprise since Chehade's tenure as ICANN CEO has the worst record on conflicts of interest, appearances of impropriety, and "cronyism" in the history of ICANN--see Domain Mondo's RPMs comment (pdf). Complicating all of this is the ICANN Board's apparent dysfunction and failures in competent corporate governance, including its inability to have "in place" and "enforce" an effective code of conduct for all ICANN officers and staff. The Board appears to be in a constant "reactive" mode trapped between stakeholders (mostly "lobbyists") and ICANN officers/staff. CCWG-Accountability should have concentrated on core competencies including the selection, orientation, training and continuing education of ICANN Board members, ICANN officers and staff, as well as stakeholders. Anyone involved in ICANN needs to have at least a rudimentary understanding of California non-profit corporate law, ethics in the public non-profit corporate sphere, applicable U.S. law, and the common law system. Jurisdiction matters.

A good joint project for ICANN legal, Jones Day, and CCWG's independent legal counsel, post-transition, would be to develop and publish an orientation and training program accessible to all online, which should be required of all ICANN directors, officers, and staff, as well as anyone choosing to stand for election or appointment to the ICANN Board. Good corporate governance is hard work and not easy--witness the scandals at organizations as diverse as FIFA and the American Red Cross.

If the CCWG-Accountability is able to propose anything which will ameliorate this morass of self-interest, greed, and narcissistic, inflated egos (from ICANN CEOs to ICANN directors, officers, staff, and stakeholders), it will have accomplished more to remediate a dysfunctional, corruptible ICANN, than any person or group in ICANN's 17-year history.

See also on Domain Mondo:
Note: this post originally published under the title: After Wuzhen, Should ICANN President CEO Fadi Chehade Be Forced Out?




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