Alibaba’s Jack Ma Invests in Financial Software Firm

Global Business

Jack Ma, the founder of China’s Alibaba Group Holding Ltd, the world’s biggest e-commerce firm, will pay 3.3 billion yuan ($531.78 million) to take a controlling share of financial software firm, Hundsun Technologies Inc.

 

CCTV’s Jane Lee reports from Shanghai.

Alibaba's Jack Ma Invests in Financial Software Firm

Alibaba's Jack Ma Invests in Financial Software Firm

Jack Ma, the founder of China's Alibaba Group Holding Ltd, the world's biggest e-commerce firm, will pay 3.3 billion yuan ($531.78 million) to take a controlling share of financial software firm, Hundsun Technologies Inc. CCTV's Jane Lee reports from Shanghai.