在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

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: 一级在线免费视频 | 久久久www成人免费精品 | 色综合一区 | 超碰日本| 五月激情天| 国产精品美女av | 日韩一区二区三区免费视频 | 精品久久久久久久久久久 | 日日躁夜夜躁白天躁晚上躁91 | 久久久国产一区二区三区四区小说 | 一级特黄毛片 | 久久精品国产99国产 | 欧美高清在线观看 | 午夜精品一区二区三区在线播放 | 国产日韩欧美高清 | 欧洲成人午夜免费大片 | 亚洲第一区在线 | 成人激情开心网 | 91超视频 | 一区二区av| 日韩在线观看视频一区二区 | 狠狠躁夜夜躁人人爽天天天天97 | 欧亚视频在线观看 | 中文字幕二区 | 日韩精品电影在线观看 | 免费aaa | 中文字幕久久精品 | 国产伦精品一区二区三区四区视频 | 欧美成人精精品一区二区频 | 日本久久二区 | 国产激情在线观看 | 欧美午夜一区二区三区 | 亚洲精品久久久久久国产精华液 | 9999精品 | 精品视频在线免费观看 | 超碰97av | 国产视频一区在线 | 精品日韩欧美一区二区三区在线播放 | 日产精品久久久一区二区 | 国产小视频在线 | 国产图区 |