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The South China Morning Submit is owned by Alibaba. In response to the SCMP report, the bulk shareholder of the start-up is Hong Kong-based 1.8 Meters Know-how Holding Ltd, holding an 80 p.c stake.
Jack Ma, as soon as China’s richest particular person, had vanished from public life in late 2020 after giving a speech criticising China’s regulatory system, an occasion extensively considered a set off for the crackdown on business.
Nonetheless, in recent times, Ma has launched into a number of worldwide journeys to discover sustainable meals manufacturing strategies. He has been a visiting professor at Tokyo Faculty, specializing in sustainable agriculture and meals manufacturing. Throughout his travels, he studied fisheries, tuna farming in Japan, and visited a sea shrimp farming manufacturing unit in Thailand, the report mentioned.
Furthermore, in July 2022, Ma visited a college within the Netherlands to find out about bettering sustainable meals manufacturing, following an identical European tour the earlier yr, all of which additional fueled his curiosity within the agriculture sector.
Having been as soon as the wealthiest particular person in China, Jack Ma’s present internet value is estimated to be round $30 billion, which is lower than half of his peak fortune earlier than the setback brought on by the disruption of the world’s largest preliminary public providing in 2020, as reported by Bloomberg’s wealth index. Ma’s nonetheless China’s fifth-richest particular person, in response to the Bloomberg index.
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