Saturday, September 20, 2014

The richest Chinese boosts Wall Street – Business Pulse

The richest Chinese boosts Wall Street – Business Pulse

At the same time, the debut reached 25 billion USD, which is the most in history. The issue price of shares of Alibaba Group Holding, a Chinese tycoon online trade has been fixed at 68 USD.

The e-commerce company, which in 1999. Was founded by Jack Ma with an initial capital of 60 thousand. USD.

Ma, a former English teacher who founded the company in his apartment in Hangzhou, earns increasing the strength of the Chinese middle class, which in a country of 1.36 billion people is no small importance.

Bloomberg says that the company has a value of 231.4 billion USD, which is more than such giants as Amazon.com, eBay, Facebook or bank JPMorgan Chase.

American “Forbes” adds that the IPO has made the founder of Alibaba richest Chinese. Sam stake in Alibaba Group, which has Jack Ma is worth about $ 16 billion.

Chinese billionaire was also among the 10 richest people in the world with the new technologies sector, alongside figures such as Bill Gates, Larry Ellison, Mark Zuckerberg, Larry Page and Sergey Brin.

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