Jack Ma, who has posted online retailer Alibaba shares on the New York Stock Exchange, has become China's richest man. His fortune is estimated at 25 billion dollars.
Initial Public Offering (Initial Public Offering - IPO) brought about $ 25 billion to the founder and leader of Alibaba Group Holding and his family, The Wall Street Journal reported, citing the Hurun Rich List annual research by Chinese research company Hurun Report. Thus, Ma pressed out the first to the second line of the list of Chinese billionaire Wang Jianlin, the owner of the Dalian Wanda Group.
Half of the top 10 richest people in China were taken by the leaders of technology companies, including Tencent Holdings Internet conglomerate, Baidu search engine, online retailer JD.com, and smartphone maker Xiaomi. Meanwhile, only two real estate investors appeared on the list, reflecting the movement of funds towards the Internet sector. Investors are actively investing in fast-growing companies that increase their competitiveness in the global market.
So, at its cost, Alibaba bypassed Amazon and eBay combined and separately Facebook. On the very first day of trading, the capitalization of the online retailer increased by $ 60.68 billion and reached 228.28. Compared with other high-tech companies from the United States, Alibaba is now second only to Apple, Google and Microsoft.
According to Dealogic, this year, China held 15 IPOs among Internet companies worth $ 29.2 billion, including $ 25 billion from Alibaba. For comparison: during the same period last year, Chinese Internet companies conducted 4 IPOs, collecting 91 million dollars.
As for Xiaomi, a Chinese manufacturer of smartphones at bargain prices, last year its capitalization amounted to 10 billion dollars. Xiaomi founder Lei Jun, whose fortune is estimated at 7.5 billion dollars, ranked tenth on the list of China’s richest people.
Earlier it was reported that online retailer Alibaba expressed a desire to "squeeze out" from the American online trading market Amazon.
The article is based on materials .
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