Alibaba IPO Helps Ma To Hit China's Richest Man

According to the latest data, Ma Yun, the co founder and chairman of Alibaba group, has reached $12 billion 500 million in personal net assets and has risen by $8 billion 900 million this year. Cai Chongxin, another co founder of Alibaba group and executive vice chairman of the company's board of directors, increased his personal net assets to $4 billion 800 million.

According to Bloomberg's survey of 12 market analysts in April 17th, Alibaba group, the largest e-commerce company in China, has a current valuation of $168 billion. This valuation has exceeded Facebook's current US $150 billion 200 million market value and is close to half of Google's 347 billion 500 million market capitalization. Ronald Van, chief China consultant of Asian Capital Holdings Ltd., an investment company, said: "Ma Yun has foresight in the field of e-commerce. He is a market leader. His fame, business philosophy and foresight made him a successful businessman.

Alibaba group submitted a prospectus on Tuesday to the securities and Exchange Commission, which plans to issue about 12% of its capital stock. Based on valuation, the Alibaba group's issuing scale is about 20 billion US dollars. The $1 billion stock issue mentioned in the prospectus of Alibaba group is only a placeholder data, which is used to calculate registration fees and may change in the future. The initial public offering in the next few months is expected to allow Alibaba group's 28 partners and co founders to become billionaires.

In September 2012, Alibaba group traded with YAHOO to buy back some of the shares held by the latter company. The transaction at that time was valued at $40 billion for Alibaba group. YAHOO still holds 22.6% of Alibaba group. According to Goldman Sachs, Sanford C. Bernstein & Co. and Macquarie Securities and more than 10 financial service In February of this year, the valuation of Alibaba group has risen to $153 billion. Up to now, Florence Shih, spokesman of Alibaba group, has not commented on the personal assets of Ma Yun and Cai Chongxin. Mr. Florence

Alibaba group Prospectus It shows that Ma currently holds 206 million 100 thousand shares of Alibaba group, of which 35 million are owned by non-profit organizations named SymAsia Foundation Ltd. The other 50 million shares are held in Bouchon Ltd APN Ltd.. Ma Yun holds a stake in APN Ltd.70%, while Cai Chongxin holds 30% of the shares. Ma Yun's interest in Alibaba group is about 7.4%.

　　 Alibaba The group's prospectus disclosed that Ma and Cai Chongxin mortgaged all stocks in APN Ltd. to ensure future liquidity activities related to Alipay. Under the terms of the agreement, APN Ltd. has the responsibility to provide assistance to Alipay for possible activities such as IPO, external sale or transfer, with an upper limit of $500 million.

Apart from Alibaba group, Ma also owns some of the shares of Yunfeng capital co founded by the company in 2010. In 2013, Ma Yun said in Sina micro-blog, all profits earned by Yunfeng capital will be used for charity. Ma Yun also acquired 20% stake in Hang Seng electronics, a financial software company in April 2014, and has a 5.5% stake in Huayi Brothers, a Beijing film and TV production company. Hongkong's Sing Tao Daily reported that in 2007, Ma bought HK Branksome Crest at half an hour in HK $282 million, with a floor area of 7088 square feet on top of the Tiantai swimming pool.

After initial public offering, Cai Chongxin will own about 3% of Alibaba group. The Yale law school graduate gave up $700 thousand a year in private company jobs and joined Alibaba group for $50 a month. Less than a year after buying Alibaba stake from YAHOO, Cai Chongxin was promoted to executive vice chairman of the board in 2013.