ALBANESE Muslims are among the largest investors in the world’s biggest tech company, Alibaba, and one of its top leaders is a prominent intellectual property expert.
Alias Wooten, Alibaba’s CEO, has a PhD in mathematics from the University of Cambridge and is a member of the British Advisory Board.
Wootan was in Singapore on a trip to help the tech giant with its search for a buyer for its intellectual property.
Wooten was asked about the possibility of a deal for Alibaba’s intellectual property after a senior executive said it was a “very good idea.”
He also said the company would need to look for a partner.
“We are a very active investor in IP [intellectual properties],” Wooteng said.
Alibaba has more than 700 million registered users, including tens of millions of Chinese, with about 30 percent of those users being from China.
Alibaba’s revenue in 2016 was about $6 billion, up from $4.4 billion in 2015.
It has been in a constant struggle with regulators to protect its intellectual properties, particularly those related to social media and digital video.
The Chinese government has blocked the sale of Apple products and Alibaba’s shares have lost about a third of their value since the company announced its search.
Alphas Wootens experience as a mathematician is helping to create a brand that has been embraced by young consumers, analysts said.
Alibaba’s most recent quarterly earnings report showed it generated about $1.9 billion, a 5.9 percent increase from the same period last year.
Alibaba shares have risen about 20 percent this year, more than doubling since it started trading in the fourth quarter of 2017.
Alibaba, which is also a holding company of American tech giant Amazon, said in its fourth-quarter earnings call last month that it was “very happy” with the financial performance of its businesses.
Alibaba said in the call that it had a net income of $818 million, a 2.4 percent gain over the same quarter last year, but it said it would cut costs and improve the profitability of its Chinese operations.
A company spokesman declined to comment.
China’s intellectual-property watchdog has been cracking down on online crime, including the sale and use of counterfeit goods, as well as counterfeit or pirated software.
Woots comments about Alibaba’s IP could provide some reassurance to some of its critics that the country’s government is serious about protecting intellectual property and that it is not afraid to make the tough calls.