Is the creator of Alibaba still missing?
The co-founder of Alibaba group is currently staying in Hong Kong, Reuters reported, citing two unnamed sources. However, this trip to Hong Kong is his first since October last year, according to one of the two sources quoted by the news agency.
Where is Jack Ma now?
Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters.
Who is owner of Alibaba?
founder Jack Ma
HONG KONG, Oct 12 (Reuters) – Alibaba Group (9988.HK) founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters.
Where is billionaire Jack Ma?
Ma, who is mostly based in the eastern Chinese city of Hangzhou, where his business empire is headquartered, owns at least one luxury house in the former British colony that also houses some of his companies’ offshore business operations. Alibaba is also listed in Hong Kong, besides New York.
How much of Alibaba does Jack Ma own?
Jack Ma owns 156 million shares, 6.2 percent of Alibaba, of which 35 million shares are controlled through APN, a Cayman Islands-based company in which Ma has a 70 percent interest.
How does Jack Ma founded Alibaba?
Jack Ma’s Alibaba After approaching his friends, seventeen agreed to join him for an e-commerce startup, and named it “Alibaba”. The company was created in his apartment. Alibaba was struggling to survive initially as it did not receive a single penny in investment.
Is Jack Ma still missing?
Chinese billionaire and Ant Group founder Jack Ma is not missing as many feared. Ma’s whereabouts have been confirmed by CNBC’s David Faber, who reported on Tuesday that a source said that Ma has been lying low for the time being.
What is Jack Ma doing?
Jack Ma is the founder of the Jack Ma Foundation, a philanthropic organization focused on improving education, the environment and public health. In 2008, Alibaba donated $808,000 to victims of the Sichuan earthquake.