Bloomberg: Jack Ma’s fortune increases by $ 2 billion after Alibaba is fined

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Reuters

Chinese businessman Jack Ma

“Bloomberg” reported that the fortune of Chinese businessman, Jack Ma, increased by 2.3 billion dollars after the Chinese authorities fined the company “Alibaba” he founded with 2.78 billion dollars.

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After that, the company’s share price in the United States increased by 9.3 percent, the largest indicator in the last four years, the agency added.

Jack Ma, with his estimated $ 52.1 billion wealth, is ranked 25th on Bloomberg’s “billionaires list”.

On April 10, the Chinese authorities announced their decision to fine “Alibaba” $ 2.78 billion for neglecting antitrust laws. The Chinese antitrust regulator said that this company is practicing a policy forcing consumers to use its services “without the right of choice,” which “negatively affected the competitive environment of the Chinese e-commerce market.”

Source: TASS





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