Article Image

IPFS News Link • China

Where Is Alibaba Founder Jack Ma? What the Saga of One of the World's Richest Men...

•, By Charlie Campbell

On Oct. 24, Jack Ma, the man behind China's e-commerce behemoth Alibaba, gave a speech in Shanghai at the Bund Summit, a gathering billed as a "an open, pragmatic and internationally influential financial high-end communication platform." In such a setting, 56-year-old Ma probably felt entitled to share a few insights from a career that has seen him take Alibaba from a company of less than 20 people—started in his flat in the coastal city of Hangzhou in 1999—to a tech giant that pulled in $71.985 billion in revenue in the fiscal year ending Mar. 31, 2020.

According to an English transcript published by Hong Kong's Apple Daily newspaper, Ma, who is personally worth $48.2 billion, hedged his speech carefully.