FLASH NEWS ::: JACK MA, the 50-year-old founder of Alibaba Group - TopicsExpress

FLASH NEWS ::: JACK MA, the 50-year-old founder of Alibaba Group Holding Ltd., China’s biggest e-commerce company, passed Li Ka-shing, the Hong Kong property and ports tycoon as Asias richest man. Jack Ma, a former English teacher who started the Hangzhou, China-based company in his apartment in 1999, has added US$25 billion (RM87.4b) to his fortune this year, riding a 54 per cent surge in the company’s shares since its September initial public offering. He has a US$28.6 billion fortune, according to the Bloomberg ranking. Li has a net worth of US$28.3 billion.

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