David Cameron has appointed Jack Ma, founder of the Chinese ecommerce behemoth Alibaba, to his business advisory group on the eve of president Xi Jinping’s four-day state visit to the UK.
Mr Ma, one of China’s most prominent entrepreneurs, is understood to be the second wealthiest man in mainland China with a $23bn fortune. Alibaba, China’s biggest ecommerce business, floated on the New York Stock Exchange over a year ago, raising $21.8bn in the biggest listing in US history.
Mr Ma is the first person with no obvious connections to the UK to join Mr Cameron’s 19-strong business sounding board, which meets four times a year.
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