Jack Ma, founder of Alibaba Group Holding, pictured at the World Economic Forum in Davos, Switzerland, in 2015. Photo: Bloomberg

Alibaba founder Jack Ma unseats Indian tycoon Mukesh Ambani as Asia’s richest man after US$5.8 billion rout

  • As oil prices collapsed alongside global stocks amid mounting coronavirus fears, billions of dollars were erased from Ambani’s net worth
  • While the outbreak has curtailed some of Alibaba’s businesses, demand for its cloud computing services and mobile apps has increased
Topic |   Jack Ma

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Jack Ma, founder of Alibaba Group Holding, pictured at the World Economic Forum in Davos, Switzerland, in 2015. Photo: Bloomberg
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