Week Behind the large Wall: Jack Ma invests in “food”

Ships for offshore wind turbines

In the market, the request for specialised vessels for the construction and installation of offshore wind turbines is becoming increasingly noticeable. According to the Chinese Shipyard manufacture Association (中国船舶工业行业协会) at the end of October 2023, 37 orders were globally placed for ships intended for the assembly of offshore wind farms, of which 33 were in Chinese shipyards.

And as “work” this kind of unit, it presents the following video:

Source: shobserver.com

Unicorns are in the world.

CB Insights from the United States has published another ranking of alleged “ Unicorns”, i.e. start-ups whose marketplace value exceeds USD 1 billion (about PLN 4 billion). According to data from late October 2023, the top of this list is the Chinese company ByteDance (字节跳动) specializing in artificial intelligence and media, owner of TikToka, valued at USD 225 billion (about PLN 902,06 billion).

The second was the US company SpaceX valued at US$150 billion (about PLN 601,14 billion), and the 3rd Chinese e-commerce platform SHEIN, valued at US$66 billion (about PLN 264,50 billion).

CB Insights in a commentary on the published ranking estimates that there are presently 1230 start-ups- unicorns in the world, of which 160 are registered in China.

No unicorn was born from Poland.

Source: cbinsights.com/research-unicorn-company

Jack Ma invests in “food”

There have been reports again in the media regarding Jack Ma (Ma Yun), founder and erstwhile long-term president (1999-2019) Alibaba Group Holdings Limited (chin. 阿里巴巴集团控股有限公司). This time, the reports do not concern the sale of shares in this company, but information from the company register.

It is about the creation of HangZhou MaJia Kitchen Food Co., Ltd. (chin. 杭州马家厨房食品有限公司), where 99.99% of shares belong to Jack Ma. The company's share capital is RMB 10 million (about PLN 5,60 million). The scope of activities includes, among others, wholesale, retail, online packed food, finished food, processing agricultural products and support for agriculture and processing.

After stepping down from directing Alibaba, He has a clear interest in agriculture, fisheries and food products. In 2022 and 2023 he visited abroad investigation institutes in the Netherlands and Denmark. In July of that year, he became a shareholder of 1.8 Meters Marine Technology (Zhejiang) Co., Ltd. (chin. 一米八海洋科技(浙江)有限公司) with share capital of RMB 110 million (about PLN 61,61 million). The company is to deal with aquaculture, fish farming, offshore wind energy, biomass technology, etc.

It is worth noting that last year the size of the marketplace for processed vegetables and finished dishes in China amounted to 419,6 billion RMB (about PLN 234 billion), and in 2026 is estimated at 1,072 trillion RMB (about PLN 600 billion). The share of finished food in the food marketplace of China in 2021 was 15%, while in the US and Japan it reached 60%. It is understandable why Ma Yun directed his interests towards this industry.

There has been speculation that Jack's entry into the food marketplace (from agricultural production to finished products and the usage of production waste for energy purposes) will consequence in effects akin to the appearance of Alibaby for the improvement of the Chinese online industry.

Source: sinanews.sina.cn tech.ifeng.com finance.ifeng.com

Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China

Email: [email protected]

Editorial: Leszek B.

Email: [email protected]

© www.chiny24.com