Jack Ma regains No. 1 spot on China’s rich list

  • Nation
  • Saturday, 27 Oct 2018

(FILES) This file picture taken on on January 9, 2018 shows Alibabas Jack Ma attending the first meeting of the French-Chinese business council in Beijing. - Chinas ultra wealthy saw their ranks trimmed this year as the trade war with the US pummelled stocks and shredded billions of dollars of paper wealth, a survey showed on October 10, 2018. (Photo by LUDOVIC MARIN / AFP)


CHINA’s self-made billionaire Jack Ma (pic) has topped Forbes’ China Rich List despite having US$4bil (RM16.7bil) less compared with a year ago.

Ma, who co-founded the Alibaba Group, which is one of the world’s biggest e-commerce giants, was ranked third last year, Oriental Daily reported.

With a US$34.6bil (RM144bil) estimated worth, Ma, 54, returned as No. 1 on the list for the first time since 2014.

The chairman of Internet company Tencent Holdings Ltd, Ma Huateng, who is worth US$32.8bil (RM136.9bil), occupied the second spot despite a US$6bil (RM26bil) drop in fortune.

Last year’s number one, real estate magnate Hui Ka Yan saw his net worth fall by 28% to US$30.8bil. He is now No. 3 on the list.

Hui is the chairman of Hong Kong-listed Evergrande Group, one of China’s biggest property developers.

> A man in Singapore found a dead centipede in the mixed rice he ordered at a food court, the same daily reported.

The dead centipede was found in a kangkung dish.

The man and his colleagues showed the food to the stall workers, who threw it away and offered them a refund of S$3.50 (RM10.50).

The man reported the incident to the National Environment Agency.

Subsequently, the mixed rice stall was given a written warning and penalised.

Quoting Channel News Asia, the daily reported that the incident happened on Tuesday at Plaza Singapura.

> Paskal The Movie has collected about RM26mil at the box office within 22 days, China Press reported.

The film has now become the third highest grossing movie in Malaysia.

Directed by Adrian Teh, the film highlighted the elite force of the Malaysian navy.

It was reported that the film is scheduled to be shown in Turkey and China.

The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.

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