JACK MA OWNER OF
ALIBABA E - COMMERCE COMAPNY
Interview:
Technology tycoon and billionaire of the world in Ceo of
ALIBABA
, JackMa in Ceo of
ALIBABA
, raised over USD 34 billion (Rp 498.4 trillion) from the sale of shares of financial technology company Ant Group with Ceo of
ALIBABA
. The Ceo of
ALIBABA
took place in Hong Kong and Shanghai and became the largest in history of world . This business move further cements Jack Ma's Ceo of
ALIBABA
place as one of the world's great tech entrepreneurs in history of world . He is also getting closer to the ranks of the world's richest elites Ceo of
ALIBABA
jack ma . Bloomberg estimates that the 56-year-old's wealth will soon reach USD 71.1 billion in
ALIBABA
technology company , placing him as the 11th richest person in the world . Currently, Ceo of
ALIBABA
is 19th with a fortune of USD 56.1 billion. Ma will hold an 8.8 percent stake in the company worth more than USD 27 billion post-IPO. His wealth will soon exceed the fortunes of Oracle (ORCL) Larry Ellison with Ceo of
ALIBABA
, L'Oreal (LRLCF) heir Francoise Bettencourt Meyers and individual members of the Waltons, whose family owns Walmart (WMT), according to Bloomberg. Ant's market debut will also mark the second time Ma has spearheaded a world record-breaking IPO. Through e-commerce giant
ALIBABA
and now Ant Group, Ma has had a transformational effect on China's internet industry and hundreds of millions of Chinese consumers. "It's hard not to see if anywhere in China, you don't see the impact of
ALIBABA
and Ant's existence," said Duncan Clark, author of "
ALIBABA
: The House That Jack Ma Built" and chairman of investment advisory firm BDA China as CNN reported Tuesday (10/27/2020). He said that for those living in China, the company Jack founded could be felt almost every day. "And almost every hour in some cases," Clark said. It says ma's success is more than just using an online shopping app or site. A large number of Chinese are considered to associate Jack Ma's products with an increase in the prosperity of the last 10 years. "There's an emotional element in it," Clark added. Ant Group set records after double listing prices on the Hong Kong and Shanghai Stock Exchanges at 80 Hong Kong dollars (USD 10.32) and 68 yuan (USD 10.13) per share, respectively. That means the initial public offering generated more than USD 34.1 billion and the company's value was about USD 310 billion. The previous record for an IPO was held by Saudi Arabian oil company Aramco, which raised USD 29.4 billion when it issued shares on the Riyadh exchange last December. The stock issue is a boon for Beijing, which has encouraged the country's top technology companies to take a break on domestic stock exchanges, rather than on United States exchanges by Ceo of
ALIBABA
where scrutiny of Chinese companies is increasing as the prolonged trade war continues. Beijing hopes the company's decision Ceo of JACK Ma
ALIBABA
to sell 1.67 billion shares in Hong Kong and Shanghai JACK Ma
ALIBABA
, or about 11 percent of the company's total in JACK Ma
ALIBABA
, will attract experienced institutional investors in
ALIBABA
company who have long been courted. If the share price is any indication in
ALIBABA
Jack Ma , that strategy seems to be working in jack ma
ALIBABA
.
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