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Jack Ma richest in Asia

2014-12-15 10:38 Global Times/Agencies Web Editor: Qin Dexing
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Jack Ma Yun, founder of US-listed Alibaba Group Holding Ltd, has become the richest person in Asia, Bloomberg reported over the weekend.

Ma, founder of China's e-commerce giant, passed Li Ka-shing, the Hong Kong property tycoon who had been the wealthiest person in Asia since April 5, 2012, the report said.

After Alibaba's IPO in the US in September, Ma has a $28.6 billion fortune while Li has a total wealth of $28.3 billion, according to Bloomberg.

After raising $259 billion in the IPO, Alibaba's market capitalization is bigger than Amazon.com Inc and eBay Inc combined, as well as many companies in the Standard & Poor's 500 Index, said the report.

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