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)
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.
Alibaba stocks also benefited from the company’s entertainment sector that saw a huge demand during the pandemic as more people stayed at home to prevent the spread of the virus.
The total amount raised through the IPO gives Playtika a valuation of $11.1 billion.
Alibaba acquired the music streaming app Xiami back in 2013, whereby the app had been up and running since 2008.
Ant Group had anticipated raising up to $35 billion in a dual listing in Hong Kong and Shanghai stock exchanges.