Alibaba’s Jack Ma is China’s richest
Jack Ma, e-commerce giant Alibaba’s founder, is the richest man in China, according to the 2018 Hurun China Rich List.
It is the second time that Ma has topped list in the past four years. Ma and his family’s wealth increased by $10 billion to $39 billion, on the back of a hike in the valuation of online payment arm Alipay’s mothership Ant Financial. Its valuation exceeds $100 billion.
Alibaba’s market value reached $390 billion by the end of September, making it the most valuable company established in China and one of the 10 largest companies globally.
Last year’s No 1, Xu Jiayin, chairman of real estate developer Evergrande Group, was demoted to second place this year, with his wealth shrinking $6 billion to $36 billion.
Musicians played 666 pianos at the same time during a piano-playing competition on Oct 6 in Wuqiang county, North China’s Hebei province. The piano ensemble set a new record recognized by Guinness World Records for its scale.