Tag: Jack Ma's current net worth

Jack Ma, the founder and former chairman of Alibaba Group Holding, is venturing into the fishery and agriculture sectors in China through a newly-established start-up. The start-up, named "1.8 Meters Marine Technology (Zhejiang) Co," was incorporated in Hangzhou, Zhejiang province, with a registered capital of 110 million yuan (US$15 million), the South China Morning Post (SCMP) reported.The South China Morning Post is owned by Alibaba. According to the SCMP report, the majority shareholder of the start-up is Hong Kong-based 1.8 Meters Technology Holding Ltd, holding an 80 percent...