E-commerce giant Alibaba’s Jack Ma is in Zambia for a private visit. Jack Ma who according to the latest Forbes China rich list has a net worth of US$34.6 billion is in Mfuwe to sample some of Zambia’s wildlife.
He flew to Mfuwe from Johannesburg, South Africa where he was a special guest of that country’s leader Cyril Ramaphosa at the InvestSA conference last week.
It is not yet known how many days Ma would spend in Zambia and whether he is scheduled to meet any government leaders.
A prominent business figure, Ma is seen as a global ambassador for Chinese business and as such is frequently listed as one of the world’s most powerful people by Forbes.
On 10 September 2018, he announced that he will retire from Alibaba and pursue educational charity work, effective in one year.
Ma resigned from the position of the CEO of Alibaba Group and reportedly decided to eventually resign as Chairman to focus on his philanthropic work.