Jack Ma Has Lost $12 Billion in Two Months

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  • Bloomberg Markets and Finance published this video item, entitled “Jack Ma Has Lost $12 Billion in Two Months” – below is their description.

    Dec.29 — China’s crackdown on Alibaba has caused Jack Ma’s fortune to tumble by $12 billion since the end of October. While he’s at the center of the scrutiny, he isn’t the only one feeling the squeeze. Bloomberg’s Lulu Chen reports on “Bloomberg Daybreak: Asia.”

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    In This Story: Jack Ma

    Jack Ma, or Ma Yun, is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.

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