Alibaba’s Jack Ma is Asia’s richest man

Jack Ma or Ma Yun, Chairman of Chinese e-commerce giant Alibaba Group, reacts as he eats food at a luncheon during the Boao Forum for Asia Annual Conference 2016 in Qionghai city, south China's Hainan province, 23 March 2016. Jack Ma, founder of Alibaba, on Wednesday (23 March 2016) called for a fresh global e-commerce platform to accommodate the interests of small traders who have been enabled by e-commerce to buy and sell across borders. Speaking at the Boao Forum for Asia in the southern province of Hainan, Ma said he calls for an Electronic World Trade Platform, or e-WTP, to enable small and medium enterprises that had been largely left out of the free trade regime of the world in the past. "In the Internet Age, we need trade platforms that are more open, fairer and freer," Ma said. "We need to go back to trade itself. It is not an organization. It is not a negotiation. It is just a platform to enable the small and medium enterprises and the consumers of the world, especially the young," he added.

Jack Ma or Ma Yun, Chairman of Chinese e-commerce giant Alibaba Group.

http://www.bloomberg.com/news/articles/2016-04-27/alibaba-s-jack-ma-overtakes-wanda-s-wang-as-asia-s-richest-man

Alibaba Group Holding Ltd. Chairman Jack Ma overtook Dalian Wanda Group Co.’s Wang Jianlin as Asia’s richest man after the e-commerce giant’s financial affiliate raised a record amount in its latest round of fundraising.

Ma added $4.3 billion to his fortune on Tuesday after his Ant Financial’s latest deal, expanding his wealth to $33.3 billion, according to the Bloomberg Billionaires Index. That puts him ahead of Wang’s $32.7 billion and Hong Kong tycoon Li Ka-shing’s $29.5 billion.

Ma’s lead among Asia’s billionaires could be short lived as Wang reorganizes his entertainment business and seeks to relocate his property unit’s listing in search of higher valuations in mainland China — deals that could affect the property-to-entertainment mogul’s fortune.

Alibaba’s billionaire chairman owns 6.3 percent of Alibaba and 37.9 percent of Ant Financial, whose full name is Zhejiang Ant Small & Micro Financial Services Group Co., after the fundraising. Ma is also said to be planning to take Ant Financial public in what could be China’s largest IPO since 2010.

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ugly looking dude..but i am sure he doesnt care to much..numero uno in asia..maybe the world next?

“Ma is also said to be planning to take Ant Financial public in what could be China’s largest IPO since 2010.”

ant financial?

401

~ by seeker401 on April 29, 2016.

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