Zomato, which counts subsidiaries of Chinese tycoon Jack Ma's Ant Group and Uber among its shareholders, dominates India's booming app-based food-delivery space alongside rival Swiggy.
While more than 200 people became billionaires in China last year, curbs on e-commerce giant Alibaba saw tycoon Jack Ma lose his title to bottled water Nongfu Spring’s maker Zhong Shanshan, a new report shows.
Speculation over Ma's whereabouts has swirled in the wake of news this month that he was replaced in the final episode of a reality TV show he had been a judge on, and amid a regulatory clampdown by Beijing on his sprawling business empire.
China's highest-profile entrepreneur Jack Ma has not appeared in a public setting since a late October forum in Shanghai where he blasted China's regulatory system in a speech.
The tech giant and its charismatic founder face unprecedented scrutiny over allegations of monopolistic practices.
The market regulator said it was looking into Alibaba’s policy of “choose one of two,” which requires business partners to avoid dealing with competitors.
Tuesday’s Hong Kong IPO of Nongfu Spring made Zhong, the unassuming founder of China’s largest bottled water company, the second richest person in the country.
China’s e-commerce billionaire, Jack Ma, has become one of the country’s most prominent donors of coronavirus aid around the world, particularly in Africa.
Even though the situation appears to be under control, there are fears of a rapid coronavirus spread in Africa where most hospitals are short of equipment and trained staff.
The only way to counter the diminished writ of Somalia's central authority is to strengthen community action.
In Africa, authorities claim they have been "spared by God" or have simply been saved by the low volume of air traffic to their countries. However, some fear it is simply a lack of testing.
Inaugurating the e-WTP with Ethiopian Prime Minister Abiy Ahmed, Chinese e-commerce tycoon Jack Ma says the trading platform will ensure "Africa can compete with Europe and America."
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