Shares of the Chinese Corporation Alibaba Group Holding Ltd rose 13%.
The head of Chinese Internet giant Alibaba Group Holding Ltd. increased his fortune by $ 2800000000 for the company’s shares jumped 13% on Thursday on strong sales forecast. As a result, the company’s capitalization grew by $ 42 billion.
From the beginning, Jack MA has a fortune of $ 8500000000, and now his condition is estimated at $ 41800000000. According to Bloomberg, he now ranks 14th in the list of the wealthiest people in the world.
On the eve of Alibaba’s CFO Maggie Wu said that the company expects revenue to 45-49% in the current fiscal year, ending in March 2018. Thus, the figure may reach $ 34300000000.
Alibaba owns China’s largest e-Commerce platforms, including the most popular of them is Taobao. The company is building on these platforms, buyers and sellers, providing them with various services. The share of Alibaba accounts for about 80% of the turnover of e-Commerce in the country.
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