Jack Ma sparked speculation about his next endeavours after the billionaire seeded a small company to process and sell farming produce, in his latest venture since retreating from the spotlight at the height of a government-led industry crackdown.
The co-founder of Alibaba Group Holding Ltd set up “Hangzhou Ma’s Kitchen Food” last week with an initial registered capital of 10mil yuan (RM6.54mil), according to corporate database Tianyancha. The business involves the sale of packaged agricultural products, according to information on China’s National Enterprise Credit Information Publicity System.