Founder of Alibaba became the richest man in China

Founder of Alibaba became the richest man in China

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Founder of Alibaba became the richest man in China

Record IPO (initial public offering) of Alibaba, which amounted to $ 25 billion, has made its founder, Jack Ma richest man in China.

Ma, founder and managing holding company Alibaba Group has acquired equity in the amount of about $ 25 billion after the IPO last week, which puts it in first place in the ranking of Chinese billionaires, who every year by the magazine Hurun Report.

This year, half of the positions in the Top 10 took businessmen working in the field of high technology, particularly in companies Tencent Holdings, Baidu, JD.com and Xiaomi.

Meanwhile, the list includes only two real estate investor, the market is now experiencing hard times.

The distribution of positions in the ranking reflects the inflow of capital to fast-growing sector of Internet technologies in China. This year, Chinese companies spent a record 15 IPO, according to the agency Dealogic, the total amount of $ 29.2 billion, including $ 25 billion of Alibaba.

“This boom of Internet technology began last year, when Chinese companies began to bring new ideas to market,” – said the publisher of Hurun Report, Rupert Hugeverf.

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