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  • Jack Ma’s Fortune Jumps $2.3 Billion After Record Alibaba Fine

    From bnnbloomberg.ca

    China just slapped a record antitrust fine on Alibaba Group Holding Ltd. The company thanked the government and investors breathed a sigh of relief. Alibaba’s American depositary receipts climbed 9.3% on Monday in New York, their biggest jump in almost four years. For Jack Ma, the founder of the e-commerce giant, it meant his fortune increased by $2.3 billion to $52.1 billion, according to the Bloomberg Billionaires Index. The $2.8 billion fine is less severe than some investors feared and is based on only 4% of the company’s 2019 domestic sales, far less than the maximum 10% allowed under Chinese law. While the ... (full story)

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  • Apr 13, 2021 2:44am Apr 13, 2021 2:44am
  •  Ffoorreexx
  • | Joined Mar 2016 | Status: Member | 18 Comments
Is he still missing?

Edit:

Chinese billionaire Jack Ma is back in the news again after he recently reappeared for the first time in months. The 56-year-old recently interacted with 100 rural teachers via a video meeting, according to a local government media report. It marks the billionaire's first appearance since late October.
 
 
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  • Apr 13, 2021 6:43am Apr 13, 2021 6:43am
  •  Fire5ale
  • | Joined Apr 2014 | Status: Member | 6 Comments
oot a lil funny to think a communist fine due to anti monopoly, where's domination means stability. and the west doesn't care as long as the production cost is as cheap as dirt slavery.
 
 
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  • Apr 13, 2021 7:12am Apr 13, 2021 7:12am
  •  Lekeman
  • | Joined Oct 2019 | Status: Member | 22 Comments
The Chinese government fine against her billionaire citizen Jack Ma, revealed his dominance in their economy.
 
 
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  • | IP XX.XXX.25.51
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  • Posted: Apr 12, 2021 7:54pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 3  /  Views: 1,205
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