Jack Ma is a Chinese business magnate, investor, politician, philanthropist, and kung fu master.
Jack Ma, or Ma Yun, is a Chinese business magnate, investor, politician, philanthropist, and kung fu master. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.
A prominent business leader, Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world’s most powerful people & world’s 20th Richest Person by Bloomberg Billionaires Index & Forbes. He also serves as a role model for startup businesses. In 2017, he was ranked second in the annual “World’s 50 Greatest Leaders” list by Fortune. In September 2018, he announced that he would retire from Alibaba and pursue educational work, effective in one year, with Daniel Zhang succeeding him as executive chairman.
As of 2 February 2019, he is China’s richest man, with a net worth of $41.1 billion, as well as one of the wealthiest people in the world and also was ranked 21st in the world by Forbes Magazine’ World’s Most Powerful People.
Alibaba
Thu, Sep 10th, 1964
Chinese
Hangzhou Teacher's Institute, B.A. in English (1988)
Alibaba - Co-founder
Alibaba - Executive Officer, (1999 - 2019)
Hangzhou Haibo Translation Agency - Founder, (1994)
Hangzhou Dianzi University - Lecturer in English and International Trade, (1988)
According to a filing to local stock exchanges, Zomato revealed that it plans to raise a total of $1.3 billion through the IPO and has achieved 45% of that figure with its latest funds.
Chinese officials reached out to the company to disclose their concerns “about Didi’s data potentially falling into foreign hands”.
Sources revealed that Ant Group hopes that Jack Ma’s stake will be sold to existing shareholders or Alibaba Group Holdings.
The “short-term liquidity solution” will be a program that presupposes buying back some of the Ant Group employees’ shares.
As part of the agreement, the Ant Group will club all of its financial wings including blockchain and fintech arms in one holding company. Analysts note that this will, however, slow down the growth of the company.