360° Coverage : Counting Jack Ma's $5 Billion Shopping Spree In 2014

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Counting Jack Ma's $5 Billion Shopping Spree In 2014

Apr 20 2014, 10:53am CDT | by

So, how is your 2014 going? For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight...

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14 weeks ago

Counting Jack Ma's $5 Billion Shopping Spree In 2014

Apr 20 2014, 10:53am CDT | by

So, how is your 2014 going?

For Jack Ma, the past five months were one crazy shopping spree. The 49-year-old billionaire founder and executive chairman of Alibaba Group has been involved in eight major deals with a tally of close to $5 billion.

That’s equal to writing a check of around $1 billion every month.

And, we didn’t count the small peanuts like the $15 million Alibaba invested in U.S. luxury e-commerce firm 1stdibs, or the $20 million it co-invested in Chinese travel service provider Byecity.com.

Of course, these deals, across the media, education, pharmaceutical and technology sector, are not all from Jack Ma’s personal wallet. But it’s fair to say that he is the brain behind each deal.

As you will see from the list below, most deals are led by Alibaba Group. Even though he stepped down as CEO last May, Jack Ma continues to shape the company’s business strategy. Not to mention he still holds 7.4% of the e-commerce giant.

Yunfeng Capital, a Shanghai-based private equity firm co-founded by Jack Ma, is a co-investor in one of the deals.

Two other deals are done through companies owned by Jack Ma, or together with his allies.

- Deals led by Alibaba Group: 7.4% owned by Jack Ma, who is also executive chairman

On April 2, Alibaba Group announced that it will make a HK$5.37 billion ($692 million) strategic investment in Beijing-based department store operator Intime Retail. The equity and convertible bond purchase will give Alibaba no less than 25% stake in Intime Retail.

On March 21, U.S. video messaging service provider Tango says Alibaba Group has invested $215 million in the company, as part of its $280 million series C round. Alibaba took an undisclosed minority stake.

On March 12, Hong Kong-listed Chinese television and film production firm ChinaVision Media Group says Alibaba Group has agreed to acquire a 60% stake in the company for about HK$6.24 billion ($804 million).

On February 17, Shanghai-based online education and English-language learning company TutorGroup says Alibaba Group has led the company’s $100 million series B round. The specific size of Alibaba’s investment is not disclosed.

On February 10, NASDAQ-listed Chinese digital mapping and navigation firm AutoNavi Holdings Ltd. disclosed that Alibaba Group has proposed to acquire 72% of the company it doesn’t already own for $1.1 billion.

On January 23, Alibaba Group says it will acquire 54.3% of Chinese pharmaceutical data firm CITIC 21CN for around HK$1.3 billion ($170 million). Yunfeng Capital is a co-investor in the deal.

- Deal done through Zhejiang Rongxin Technologies Ltd.: 99.14% owned by Jack Ma, with the remaining shares owned by Xie Shihuang, vice president and co-founder of Alibaba Group

On April 2, Zhejiang Rongxin agreed to acquire 20.62% of Shanghai-listed financial software company Hundsun Technologies Inc. for RMB3.299 billion ($530 million) in cash./>/>

- Deal done through Hangzhou Yunxi Investment Partnership Enterprise: owned by Jack Ma and Alibaba co-founder Simon Xie, as well as founder of Giant Interactive Group Inc. Shi Yuzhu

On April 8, Hangzhou, Zhejiang province-based Chinese digital TV firm Wasu Media says Hangzhou Yunxi Investment Partnership Enterprise will acquire 20% of the company for RMB6.54 billion ($1.05 billion).

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by ro ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Raky ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Min ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selata ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

8 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in c ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

8 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minis ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) today. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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