Losing RM12.5bil in one stroke sets tongues wagging

By BEH YUEN HUI

Alibaba's chairman Jack Ma. -filepic

BEIJING: For once, the Chinese are concerned about the wealth of the country’s richest man more than the money in their own pockets.

They have been calculating Jack Ma’s losses since the initial public offering (IPO) saga of his Ant Group, and the figure is estimated to exceed 20 billion yuan (RM12.5bil).

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China , Jack Ma , losses , initial public offering , IPO , Ant Group

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