Skip to main content

It's not Ant it is Elephant IPO!


Jack Ma had announced his retirement as Executive Chairman from Alibaba on September 2018. Many were surprised on his decision and feel too early for Jack Ma to get out from corporate business. 

Now, he is back again and proved his expertise in business. Jack Ma, a co-founder of Alibaba, took control of Ant group with 50.52% of shares.  Ant group operates China’s massive e-payment system Alipay. The mobile payment app with over 1 billion users is an affiliate of Alibaba. Ant group has a broad financial ecosystem including China’s largest online insurance service.


It takes just 3 minutes from the app with zero human intervention is the beauty of Alipay services. It serves 80 million small businesses, with plans to more than double that figure by 2025. Ant group is fear of being blacklisted by Washington after escalating the tensions between China and US. Jack Ma is making the history again by raising $34 billion in a record breaking IPO. He is the 11th wealthiest business man after he sells shares of Ant in Shangai and Hong Kong stock markets. Ant’s big listing is likely to boost the fortunes of early investors and employees.


Ma's Ant shares are reportedly worth about $17bn, taking his net worth to close to $80bn and confirming him as China's richest man. With Ant Group and Alipay, Jack Ma has been able to transform China's internet industry and millions of Chinese consumers. The group has made its impact to every corner in China, such is the reach of this group services. Jack Ma becomes richer than Walmart with mega Ant IPO.  He was declined by Harvard 10 times and rejected one and only of 24 applicants when he applied for KFC. There is no exaggeration in saying rise of Jack Ma is nothing but rise of China.

Labels:

Comments

Post a Comment

Popular posts from this blog

Photo : Savitri during her last days

Even after 4 decades of her death, people are very much interested to watched her (Savitri) biopic. Mahanati turned to be stupendous success. On eve of remembering Savitri, here we posted Savitri photo. The photo seems her last days. The man stand behind Savitri is Gemini Ganeshan who married Savitri. It seems that she suffered bad days during her last days.
Post a Comment
Read more

Jagan angry on Avanthi Srinivas on Bhimili meeting!

Avanthi Srinivas was joined in YSRCP in January this year. Avanthi joined in YSRCP seeking to contest as Bhimili Assembly segment in 2019 General Elections.
Post a Comment
Read more

Producers demand 18 crores for Ceded for Pavan and Trivikram film

Director Rajamouli showed the path to all other producers on how to sell product (movie) in different ways across the word. Telugu Cinema has vertically divided in two ways Before and after Bahubali. Bahubali proves that there were no boundaries in selling the movie. Other producers who are doing with star heros like Pavan, Mahesh and Jr. NTR will follow Rajamouli in this regard. But there is slight difference with Bahubali and other heros films. Unfortunately, producers and distributors fail to notice the gap. Bahubali is universal movie which was apt to all sections in the world. That is the reason for getting huge collections across the world. We didn't expect the same situation for Prabas's next movie even though his popularity increased with Bahubali. Radha Krishna who produced movies like Julayi and A. AA.. will plan to produce next film with Pavan and Trivikram. Movie was not yet started but distributors rushed toward producer for getting area-wise rights.Obviously, ...
Post a Comment
Read more