Jack Ma Gets Back Into Business With ‘Ma’s Kitchen Food’
- The billionaire seeds a $1.4 million packaged foods firm
- Speculation persists about the Alibaba founder’s next endeavor
Jack Ma
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Jack Ma sparked speculation about his next endeavors after the billionaire seeded a small company to process and sell farming produce, in his latest venture since retreating from the spotlight at the height of a government-led industry crackdown.
The co-founder of Alibaba Group Holding Ltd. set up “Hangzhou Ma’s Kitchen Food” last week with an initial registered capital of 10 million yuan ($1.4 million), according to corporate database Tianyancha. The business involves the sale of packaged agricultural products, according to information on China’s National Enterprise Credit Information Publicity System.