Alibaba’s Jack Ma
ISLAMABAD: Co-founder of China’s biggest online store Alibaba reaches Islamabad along with his delegation.
The purpose of his sudden visit is to discuss with the government mega investment plans in Pakistan.
Chairman of the Board of Investment and former minister Muhammad Azfar Ahsan disclosed the arrival of Jack Ma in Islamabad via a tweet today.
Ali Baba’s co-founder is heading a seven-member delegation _ five Chinese, a Danish national, and an American citizen.
Importantly, the Embassy of China in Islamabad is not aware of the details of Jack Ma’s visit to Pakistan and engagements here,” he added.
Who is Jack Ma?
Jack Ma Yun is a Chinese business magnate, big investor, and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate.
Jack Ma is also the co-founder of Yunfeng Capital, a Chinese private equity firm. The net worth of Jack Ma is $23.70 billion.
- A former English teacher, Jack Ma cofounded Alibaba Group, now one of the world’s largest e-commerce businesses, in 1999.
- The former high-flying billionaire stepped down as Alibaba’s executive chairman in 2019.
- After approximately a year overseas, Ma returned to China in March 2023 just as Alibaba unveiled a plan to split itself into six businesses.
- Ma, who left China nearly a year ago and whose travels to Japan, Thailand, and Europe were tracked by media, made a surprise trip to a school in China the day before Alibaba announced the group split.
More to follow…………………….
