Browsing Tag

e-commerce

2 posts

Someone Put an $84 Million Abandoned Skyscraper in China For Sale on Taobao

The Taobao auction for an abandoned skyscraper project in Taiyuan, the capital of northern China’s Shanxi Province, was unsuccessful in attracting buyers with a starting price of 550 million yuan ($84 million).

Instead of caving in, the organizer of the event, Shanxi Provincial Higher People’s Court, officially announced a second auction, which is expected to take place either by the end of January or early February, according to Xinhua.

Jack Ma Thinks Alibaba Will Make Almost As Much Money as The U.K. By 2036

Alibaba founder Jack Ma is confident his company will make its way to the top as the fifth largest economy of the world by 2036, sitting behind only the U.S., China, Japan, Germany and the U.K., respectively.

Ma recently saw his personal wealth, which is mostly based off the value of Alibaba, grow $2.8 billion overnight after Alibaba Group’s value jumped by 13.3% on the New York Stock Exchange last Friday, making him China’s richest man at #14 on the Bloomberg Billionaires Index.