Moscow. June 9. INTERFAX.RU – shares of Chinese Internet giant Alibaba Group Holding surged 13% on Thursday on strong sales forecast, resulting in the capitalization of the company increased by $42 billion, and its leader Jack MA, the richest man in Asia, has increased his fortune at $2.8 billion.
From the beginning, Jack MA has a fortune of $8.5 billion, and now the size of his fortune is estimated at $41.8 billion According to Bloomberg, it now occupies the 14th place in the list of the wealthiest people in the world.
On the eve of Alibaba’s CFO Maggie Wu said that the company expects revenue to 45-49% in the current fiscal year, ending in March 2018. Thus, the figure may reach $34.3 billion
Alibaba owns China’s largest e-Commerce platforms, including the most popular of them is Taobao. The company brings to these platforms, buyers and sellers, providing them with various services. The share of Alibaba accounts for about 80% of the turnover of e-Commerce in the country.