Alibaba founder Jack Ma sets up a new company

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Summary

Alibaba founder Jack Ma has launched a new company, Hangzhou Majia Kitchen Food Co., Ltd., officially established on November 22nd with a registered capital of 10 million RMB. The venture is 99.9% owned by Ma through Hangzhou Dajingtou Er Shi Er Hao Cultural Art Co., Ltd., with PAU JASON JOHN as its legal representative. Its diverse business operations include pre-packaged food sales, import/export, wholesale of agricultural products and daily necessities, hotel management, and significantly, technical services.

On November 24th, according to TianYanCha(A Chinese website to check company registration information), Hangzhou Majia Kitchen Food Co., Ltd. was established on November 22nd. The legal representative is PAU JASON JOHN, and the registered capital is 10 million RMB.

The ownership information shows that the company is wholly owned by Hangzhou Dajingtou Er Shi Er Hao Cultural Art Co., Ltd., of which Alibaba founder Jack Ma holds a 99.9% stake.

The business scope of this new company includes food sales (only pre-packaged food), import and export of goods, wholesale of edible agricultural products, wholesale of daily necessities, hotel management, and technical services. 

ALIBABA JACK MA FOOD

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