Jack Ma, once the richest businessman in China and Asia, needs no introduction. Jack Ma, who is called the poster boy of the tech sector in China, built a big company like Alibaba on his own. Donated crores of rupees. Even after that he remained connected to the ground. Jack, who somehow disappeared in the middle, is in the news again. The way Jack had changed the tech sector not only in China but in the whole of Asia. Now he is going to change the face of the food sector. Alibaba founder Jack Ma has entered the food business. This means that the picture of Chinese food is about to change. Jack has made complete preparations for this. Let us tell you also.
Jack Ma started a new business
Alibaba's South China Morning Post, citing the official National Enterprise Credit Information Publicity System, a corporate registry, reported that Jack Ma started a company called "Hangzhou Ma Kitchen Food" in Hangzhou city. The special thing is that he started Alibaba from this city and the headquarters of this company is also in this city. This city is also the hometown of Jack Ma. According to South China Morning Post, Jack Ma has invested 10 million Chinese EUR i.e. 1.4 million dollars i.e. Rs 12 crore in this business. Hangzhou Ma Kitchen Food is wholly owned by Jack Ma's investment vehicle, Hangzhou Dajingtou. According to SCMP, the company is involved in the sale of pre-packaged food and processing and sales of agricultural products.
How Jack Ma's interest went to agriculture sector
When the government took action against Jack Ma's business. After that his interest went towards agriculture. In fact, Jack Ma started criticizing China's financial regulatory system in the year 2020. After which the Chinese government became very angry with Jack Ma. The government started taking action against his business. After which Jack Ma disappeared for two years. His personal wealth also sank and his companies suffered losses worth hundreds of billions of dollars. Since then Jack Ma is rarely seen and is keeping a low profile. Tech titan Jack Ma is known for his outspoken and flamboyant personality.
Agrotech study
Over the past few years, he has been traveling around the world studying agrotech. In October 2021, Jack Ma was in Spain learning about technology related to agriculture and environmental issues. He has also traveled to Netherlands, Japan and Thailand to study Agrotech. In May, Tokyo College announced that Jack Ma would take up a teaching position researching sustainable agriculture and food production. In January, he was in Thailand, where he dined with Supakit Cheravanont, chairman of Charoen Pokphand Group, a major animal feed producer. Jack Ma retired from Alibaba in 2019.
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