Jack Ma, has placed on the New York Stock Exchange, shares of online retailer Alibaba , became the richest man in China. His fortune is estimated at $ 25 billion.

IPO (Initial Public Offering – IPO) brought the founder and head of Alibaba Group Holding and his family about $ 25 billion, the newspaper The Wall Street Journal, with reference to the annual survey Hurun Rich List of Chinese research firm Hurun Report. Thus, Ma pressed from the first to the second line of the list of Chinese billionaire Wang Jianlin, Property Dalian Wanda Group.

Half of the top 10 richest people in China took the heads of technology companies, including Internet conglomerate Tencent Holdings, search engine Baidu, online retailer and manufacturer of smartphone Xiaomi. Meanwhile, in the new list were only two real estate investor, reflecting the cash flows in the direction of the Internet sector. Investors are actively investing in high-growth companies to increase their competitiveness in the global market.

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Thus, according to its value Alibaba beat Amazon and eBay combined and separately Facebook. On the first day of trading online retailer capitalization increased by 60.68 billion dollars and reached 228.28 figures. When compared to other high-tech companies from the United States, Alibaba now second only to Apple, Google and Microsoft.

According to Dealogic, this year, China spent 15 IPO of Internet companies worth 29.2 billion dollars, including 25 billion by Alibaba. For comparison, over the same period last year, the Chinese Internet company spent 4 IPO, collecting $ 91 million.

As for Xiaomi, a Chinese manufacturer of smart phones at bargain prices, the last year of his capitalization of $ 10 billion. Xiaomi founder Lei Jun, whose fortune is estimated at $ 7.5 billion, ranked tenth in the list of the richest people in China.


In: Technology & Gadgets Asked By: [15509 Red Star Level]

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