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Jack Ma Named Richest Man in China by Forbes Magazine

Oct 28, 2014 11:51 AM EDT

Forbes has named Alibaba Chairman and CEO Jack Ma as the richest man in China, topping the magazine's rich list for China for the first time with an estimated net worth of $19.5 billion.

Lionsgate unveiled plans for first touring exhibition for the “Hunger Games” theme park

Alibaba's Jack Ma Courts Hollywood; Wants More US Entertainment for Chinese Households

Vittorio Hernandez |

Oct 26, 2014 01:55 AM EDT

Chinese households could possibly have a new route to watch Hollywood-produced movies courtesy of Alibaba, the Chinese e-commerce giant founded in a garage by former teacher Jack Ma.

WFP: China Must Do More to Help Worldwide Fight Against Ebola

Michael A. Katz |

Oct 20, 2014 12:34 PM EDT

Where are the Chinese billionaires? The United Nations' World Food Programme (WFP) says that China's wealthy and its major corporations are not pulling their weight in the fight against Ebola.

Humble Vegetable Vendor Donates $330,000 to Charity, Puts Tuhao to Shame

Michael A. Katz |

Oct 11, 2014 07:10 PM EDT

Amid the surging conspicuous wealth and luxury of modern China, 63-year old vegetable vendor Chen Shu Chu has put the nouveau riche to shame by donating $330,000 to charity.

Alibaba Founder, Jack Ma, Turns into China's Biggest Catch

Staff Reporter |

Sep 25, 2014 09:01 PM EDT

Jack Ma, co-founder of Alibaba Group Holdings Ltd., is now considered the wealthiest person in China. The country's annual list, Hurun Report, shows that Ma gained a net worth of $25B on Friday and now is the nation's biggest catch.

Alibaba's IPO Not Open for Chinese Investors Causing Conflict of Interest

Staff Reporter |

Sep 22, 2014 04:37 AM EDT

Alibaba's U.S. record breaking IPO has made its value soar to US$231 billion. This has made Jack Ma the richest man in China, with his shares valued at $19 billion. The company is now worth more than both eBay and Amazon combined. However, it appears that interested Chinese investors won't be able to take part in it as funding and government constraints hinder domestic parties from purchasing company shares.

Alibaba’s Jack Ma Invests in Dairy Farm

Marcel Woo |

Jul 06, 2014 10:34 AM EDT

Jack Ma, through his private equity firm Yunfeng Capital, and Citic Private Equity have banded together to purchase a 60-percent stake in Inner Mongolia Yili Industrial Group, a Chinese dairy giant.

Bill Gates and Jack Ma Discuss Charity Works Over Dinner

Acsilyn Miyazaki |

Jun 19, 2014 09:35 PM EDT

Microsoft's Bill Gates and Chinese e-commerce mogul Jack Ma met over dinner on Wednesday to discuss charity works.

Jack Ma, Founder and Executive Chairman of Alibaba Group

Documentary Film on Jack Ma Released in Digital Format Ahead of Alibaba IPO

Kristina Fernandez |

Jun 18, 2014 01:35 PM EDT

Film documentary on Jack Ma, Founder and Executive Chairman of Alibaba Group, is released in digital format amidst preparations for the e-commerce giant's IPO.