Jack Ma12 Dec 2014 07:21
Mr Ma has added US$25 billion to his fortune this year riding a 54 per cent surge in the company's shares since its September initial public offering on the New York Stock Exchange. At that scale, Alibaba is on the verge of becoming one of the 10 most valuable companies in the world.
Alibaba, whose online marketplaces - Taobao and Tmall - had 307 million active buyers in China as of September, saw revenue rise to 16.8 billion yuan (S$3.6 billion) between July and September, according to Bloomberg.