www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Charge of the Internet bulls

By Meng Jing (China Daily) Updated: 2014-09-29 06:56

Charge of the Internet bulls

LI MIN/CHINA DAILY

Alibaba's success in New York IPO brings new hope to other companies

A few hours before Alibaba Group Holding Ltd made its debut on the New York Stock Exchange, Jack Ma, the company's founder and chairman, said Sept 19 would be a "life-changing day" for its 20,000 employees.

That day the Hangzhou-based e-commerce conglomerate raised more than $25 billion in the largest IPO in history, instantly making thousands of the company's employees fabulously rich. The market capitalization on the first day of its trading exceeded $200 billion - more than that of Amazon.com Inc and eBay Inc combined - and stock incentives Alibaba offers its employees mean that there is $44.8 billion to divvy up between 11,000 of them. Each of the more than 300 people in senior positions is now worth more than 100 million yuan ($16.3 million).

The 500,000 yuan Ma and 17 other partners invested 15 years ago has made the 50-year-old China's richest individual, with a net worth of $21.8 billion, according to the Bloomberg Billionaires Index. The Hurun China Rich List published on Wednesday calculated his wealth to be higher than that, at $25 billion.

Charge of the Internet bulls
IT new 'it' industry for rich
Charge of the Internet bulls
Alibaba 'vital' but not the only platform
Whatever the true figure, those lists serve to underscore not only Ma's growing wealth but also the fact that the top ranks of Chinese wealthy are beginning to swell with those who have become rich through Internet-related businesses.

Pony Ma, the founder of Tencent Holdings Ltd, the Shenzhen-based giant well known for its mobile messaging app WeChat, and Robin Li, founder of China's largest search engine, Baidu Inc, rank second- and third-richest individuals in the world's second-largest economy.

The Internet is thus proving to be a breeding ground for China's next generation of billionaires.

Justin Ren, associate professor of operations and technology management at Boston University School of Management, says two major factors are behind the phenomenon.

"The first is China's rapid growth. As its share of global GDP grows, its richest billionaires will rank higher and higher on the global list. The second is the explosive growth of the Internet economy in China. As its share of the economy grows, it will spawn ever more billionaires."

According to a recent study by McKinsey Global Institute, the business and economics research arm of global consulting firm McKinsey & Co, the Internet sector could add 0.3 to 1 percentage point to China's GDP growth every year until 2025.

This could fuel about 7 to 22 percent of the incremental GDP growth until then, translating into 4 trillion yuan to 14 trillion yuan in China's annual GDP by that point.

What is happening with wealth creation through the Internet is not confined to China, experts say. The same thing has happened in Western countries, Ren says.

"In the US, for example, the richest people used to be from 'old industries' such as automotive, banking, oil or steel. Then along came Bill Gates, who became a billionaire in less than 20 years after founding Microsoft Corp. After that, Mark Zuckerberg made the list less than 10 years after he set up Facebook Inc.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久久99久久精品免费思思 | 亚洲另类自拍 | 九九久久国产精品 | 花蝴蝶在线 | 亚洲精品亚洲人成毛片不卡 | 欧美一区二区三区日韩免费播 | 亚洲国产精品久久综合 | 91精品视频在线播放 | 亚洲色吧 | 日本免费久久 | 欧美高清一区二区 | 一本色道久久综合亚洲精品加 | 黄色毛片免费 | 美女被拍拍拍拍拍拍拍拍 | 久久久亚洲天堂 | 欧美成人免费观看久久 | 免费特黄级夫费生活片 | 日本阿v精品视频在线观看 日本阿v视频在线观看高清 | 国产一区二区三区不卡在线观看 | 国产成人精品免费 | 国产亚洲人成网站在线观看 | 国产三级小视频在线观看 | 可以免费看黄色的网站 | 国产成人高清一区二区私人 | 欧美日本色 | 亚洲免费人成在线视频观看 | 在线亚洲一区二区 | 亚洲欧美高清 | 欧美曰批人成在线观看 | 成人久久在线 | 男人天堂网站在线 | 欧美性色生活片天天看99 | 草久久久久| 成人性色大片 | 欧美成人极品怡红院tv | 日本s色大片在线观看 | 日韩一级片免费看 | 国产精品国产高清国产专区 | 久久精品视频1 | 免费国产成人高清无线看软件 | 欧美激情视频一级视频一级毛片 |