For many years, the co-founder of Alibaba, Jack MaChina has been synonymous with the tech industry, but it seems to be moving into the food business.
This Wednesday 22nd, he established a company called “Ma”.Hangzhou Ma’s kitchen food“In the city where Alibaba’s headquarters are located, according to reports media. Jack Ma’s hometown is also Hangzhou.
The company’s registered capital is 10 million Chinese yuan or 1.4 million dollars (1.3 million euros at the current exchange rate). South China Morning PostOwned by Alibaba, the official national enterprise credit information advertising system, corporate registry.
Hangzhou Ma’s Kitchen Food is wholly owned by Ma’s investment vehicle, Hangzhou Dajingtou. No. 22 Arts and Culture. The company is dedicated to Sale of prepackaged foods and processing and retailing of agricultural productsAccordingly SCMP.
Ma’s interest in farming seems to have increased in the wake of a government crackdown on his businesses that began in 2020. get angry With a critical speech on China’s financial regulatory system to Beijing.
The tech titan—it’s known for Outspoken and active personality– Disappeared from public view for two years after the repression. His personal fortune also collapsed and his companies lost hundreds of billions of euros. Since then, he has maintained a low profile with few public appearances.
Instead, in recent years he has traveled the world while studying agricultural technology.
In October of 2021, Ma studied agriculture and environmental technology in Spain. He has also traveled NetherlandsStudy agricultural technology in Japan and Thailand.
In May, Tokyo College Advertising Ma will take up a faculty position while researching sustainable agriculture and food production.
In January, he was in Thailand, where he had dinner with Subakit Seravanont, chairman of Saroyan Pokphand Group, a major. Producer of feed.
Ma retired from Alibaba in 2019. His foundation, the Jack Ma Foundation, did not immediately respond to a request for comment. Business Insider.
