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

2 Updates

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...

Filed under: news

 
 
 

19 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
2

3 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20,000 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

4 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tr ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Watching action movies makes your waistline grow
New York, Sep 2 (IANS) If your kids love to watch Hollywood action movies, better watch out for their junk food consumption.
 
 
Return as India's envoys, Modi to India-bound Japanese youth
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday kicked-off a new initiative on training for Japanese youth started by Tata Consultancy Services (TCS) at its various facilities in India, asking them to return to Japan as India's ambassadors.
 
 
Scientists get ready for mock on-site nuclear inspection
Washington, Sep 2 (IANS) Some 40 scientists and technicians from around the world will descend on Jordan in November to take part in a simulated on-site inspection of a suspected nuclear test site on the banks of the Dead Sea.
 
 
Russian space 'sex geckos' found dead
Moscow, Sep 2 (IANS) Four female lizards and one male who were sent to space to understand the effects of weightlessness on sexual intercourse have died, the Russian Space Agency said in a statement.
 
 
 

Latest from the Network

Fung targets home success at PGM Sabah Championship
Sabah (Malaysia), Sep 2 (IANS) Reigning Asian Development Tour (ADT) Order of Merit champion Nicholas Fung hopes to recover from a fever in time to contend for the Professional Golf of Malaysia (PGM) Sabah Championship...
Read more on Sport Balla
 
Watching action movies makes your waistline grow
New York, Sep 2 (IANS) If your kids love to watch Hollywood action movies, better watch out for their junk food consumption. According to a study, viewers who watch action-packed programmes indulge in over-eating. "We...
Read more on Celebrity Balla
 
Pitch Perfect cast feel 'under pressure' with sequel
Ben Platt says the cast of 'Pitch Perfect' are feeling the pressure ahead of the sequel. The actor, who has starred in the popular Broadway production 'The Book of Mormon', acknowledges that the eagerly-awaited sequel...
Read more on Movie Balla
 
Imagine Entertainment in talks for 24 movie
Imagine Entertainment want to make a '24' movie. According to TVLine, the production company's chairman, Brian Grazer, has expressed an interest in taking the hit Fox series to the big screen following the end of the...
Read more on Movie Balla
 
Stan Lee reveals Black Panther movie is in the works
Stan Lee has suggested plans to make a Black Panther movie are still in development. Lee, the former president and chairman of Marvel Comics, says that Marvel Studios will look to make a film based on the first black...
Read more on Movie Balla
 
Lindsay Lohan uses hypnotherapy to quit smoking
Lindsay Lohan is using hypnotherapy to quit smoking. The 'Mean Girls' actress has reportedly turned to alternative medicine to kick her nicotine addiction before her West End debut on September 24 for David Mamet's play...
Read more on Celebrity Balla
 
Angelina Jolie and Brad Pitt's kids write wedding vows
Angelina Jolie and Brad Pitt's children helped to write their wedding vows. The Hollywood couple tied the knot in France on August 23 and they enlisted the help of their kids Maddox, 13, Pax, 10, Zahara, nine, Shiloh,...
Read more on Celebrity Balla
 
Carrie Underwood announces pregnancy
Los Angeles, Sep 2 (IANS) Country star Carrie Underwood and NHL player Mike Fisher have announced that they are expecting their first child. Underwood and Fisher posted the news on their social media accounts Monday,...
Read more on Celebrity Balla
 
Look at India, Modi tells Japan
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hoped Japan will follow "Look at India" policy. "Just as India is focusing on Look East policy, we expect Look at India policy from Japan," Modi said, adding...
Read more on Politics Balla