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Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Alibaba’s Jack Ma Networth Increases by $2.8 Billion

Jack Ma’s net worth increased by $2.8 billion overnight as Alibaba forecast sales growth topped analyst estimate.  He is now the richest person in Asia and has a net worth of $41.8 billion. His net worth has grown by $8.5 billion in 2017 and is now the 14th wealthiest person in the world.

“His net worth has grown by $8.5 billion in 2017.”

~ Bloomberg

The surge in Jack’s Ma net worth came after China’s largest e-commerce company forecast 45 to 49 percent revenue growth in the year ending March. Alibaba is capturing more digital advertising spending by incorporating social elements such as video in its shopping sites.

Related Reports: Bloomberg, Time

 

About Alibaba

We provide the fundamental technology infrastructure and marketing reach to help merchants, brands and other businesses that provide products, services and digital content to leverage the power of the Internet to engage with their users and customers. Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, innovation initiatives and others. Through investee affiliates, we also participate in the logistics and local services sectors.

Visit: Alibaba


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