USEUROPEAFRICAASIA 中文双语Français
Home / Top News

Magnates team up to take on Alibaba

By Gao Yuan | China Daily | Updated: 2014-08-30 08:04

It's "game on" for the top four richest men on the Chinese mainland.

Real estate guru Wang Jianlin, the wealthiest person in the country last year, announced on Friday a 5 billion yuan ($813 million) joint investment in e-commerce with Internet magnates Ma Huateng and Robin Li, the second and third richest.

They are targeting online shopping giant Alibaba Group Holding founder and chairman Jack Ma, who climbed to the top of the rich list on Thursday with a net worth of $21.8 billion, according to the Bloomberg Billionaires Index.

Magnates team up to take on Alibaba

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US