Super Rich Get Richer on Ant After Striking Early Deals With Jack Ma

(Bloomberg) — Jack Ma’s Ant Group is creating a new group of super wealthy people in China while also giving a boost to some older fortunes globally.Hong Kong’s Li Ka-shing, the family behind a French supermarket giant, the son of a Taiwanese real estate billionaire and Chinese retail tycoon Shen Guojun are among those invested in the online payments provider, which may be valued at $225 billion when it goes public next month.This wasn’t just some one-off tech bet. They’d all established relationships with Ma’s empire before Ant’s financing round two years ago, along with Thailand’s Chearavanonts, the Tungs of …read more

Source:: Yahoo Finance

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