The owner of Alibaba is richer by $3 billion

Владелец Alibaba стал богаче на $3 млрд

Shares of the Chinese Corporation Alibaba Group Holding Ltd rose 13%.

The head of Chinese Internet giant Alibaba Group Holding Ltd.increased his fortune by $2.8 billion due to the fact that the company’s shares jumped 13% on Thursday on strong sales forecast. As a result, the company’s capitalization grew by $42 billion, reports Interfax-Ukraine.

From the beginning, Jack MA has a fortune of $8.5 billion, and now the size of his fortune is estimated at $41.8 billion According to Bloomberg, it now occupies the 14th place in the list of the wealthiest people in the world.

On the eve of Alibaba’s CFO Maggie Wu said that the company expects revenue to 45-49% in the current fiscal year, ending in March 2018. Thus, the figure may reach $34.3 billion

Alibaba owns China’s largest e-Commerce platforms, including the most popular of them is Taobao. The company brings to these platforms, buyers and sellers, providing them with various services. The share of Alibaba accounts for about 80% of the turnover of e-Commerce in the country.

We will remind, earlier it was reported that the owner of Alibaba buys the MoneyGram service.

Forbes: Founder of Alibaba became the richest Chinese