Jack Ma is the co-founder and former executive chairman of Alibaba Group; File Photo<\/figcaption><\/figure>\nSome reports are showing that China is supporting its entrepreneurs like Jack Ma to lift the country\u2019s position in the global arena. According to Forbes, China holds the most billionaires after the United States.<\/p>\n
The Ant Group IPO will add more billionaires to the Chinese list helping the country to compete with the U.S. The Chinese companies, on the other hand, changed their focus in the local markets in the last few years to get a higher valuation.<\/p>\n
This gives a better grip on the performance to fight the top American companies like Amazon, Facebook, and Google.<\/p>\n
Previously, Jack Ma announced that a record-breaking IPO of Ant Group will take place very soon. In the previous announcements, the actual calculation was missing, however, recent calculations show that Jack will gain a substantial fortune to become the richest person in China.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jack Ma, the founder of Alibaba, might see a $27 billion rise in fortune with the Ant Group\u2019s record IPO, according to Forbes. The American business magazine also claimed that the IPO will create 18 new billionaires with the pricing announced by the company. Ant Group is expecting a dual listing in Hong Kong and […]<\/p>\n","protected":false},"author":3,"featured_media":2446,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Jack Ma's Fortune Soars with Ant Group IPO, Creating New Billionaires","_seopress_titles_desc":"Jack Ma, the founder of Alibaba, might see a $27 billion rise in fortune with the Ant Group\u2019s record IPO, according to Forbes","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[950,1],"tags":[54,812,677],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2437"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=2437"}],"version-history":[{"count":5,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2437\/revisions"}],"predecessor-version":[{"id":2447,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2437\/revisions\/2447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/2446"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=2437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=2437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=2437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}