The South China Morning Submit is owned by Alibaba. In keeping with the SCMP report, the bulk shareholder of the start-up is Hong Kong-based 1.8 Meters Know-how Holding Ltd, holding an 80 % stake.
Jack Ma, as soon as China’s richest individual, had vanished from public life in late 2020 after giving a speech criticising China’s regulatory system, an occasion broadly thought to be a set off for the crackdown on trade.
Nonetheless, lately, Ma has launched into a number of worldwide journeys to discover sustainable meals manufacturing strategies. He has been a visiting professor at Tokyo Faculty, specializing in sustainable agriculture and meals manufacturing. Throughout his travels, he studied fisheries, tuna farming in Japan, and visited a sea shrimp farming manufacturing facility in Thailand, the report stated.
Furthermore, in July 2022, Ma visited a college within the Netherlands to find out about bettering sustainable meals manufacturing, following the same European tour the earlier 12 months, all of which additional fueled his curiosity within the agriculture sector.
Having been as soon as the wealthiest particular person in China, Jack Ma’s present internet price is estimated to be round $30 billion, which is lower than half of his peak fortune earlier than the setback attributable to the disruption of the world’s largest preliminary public providing in 2020, as reported by Bloomberg’s wealth index. Ma’s nonetheless China’s fifth-richest individual, in keeping with the Bloomberg index.