News Snapshot:
Jack Ma wealth surges above Walmart heirs’ with Ant IPO By Bloomberg Tuesday, October 27, 2020, 10:08 By Bloomberg In this file photo, Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair in Paris. (PHILIPPE LOPEZ / AFP) Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd with US$60,000, is poised to become the world’s 11th richest person after Ant Group Co priced shares for a record initial public offering. Ma’s 8.8 percent stake is worth US$27.4 billion based on the stock pricing in Hong Kong and...
