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Jack Ma Becomes Asia’s Richest Person on Alibaba Surge

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Jack Ma has become the richest person in Asia.

The 50-year-old founder of Alibaba Group Holding Ltd., China’s biggest e-commerce company, passed Li Ka-shing, the Hong Kong property and ports tycoon who has held the top spot in the region since April 5, 2012, according to the Bloomberg Billionaires Index.