Founder of Alibaba e-Commerce Company and its current chairman Jack Ma evinced his interest during a meeting with Finance Minister Ravi Karunanayake on 18th January. The meeting was held on the sidelines of World Economic Forum 2017 being held at Davos in Switzerland.

Chairman Jack Ma has stated that he will take immediate action to start investing in Sri Lanka. He also pointed out that his proposed investment will generate hundreds of employment opportunities to the youth of Sri Lanka.

Alibaba was incepted in 1991 and its gross annual income exceeds USD 10.33 billion. The total assets of the company are about USD 52.97 billion.

According to ratings released by an internationally famed business magazine Forbes, Jack Ma has been chosen as the 33rd businessman among the world’s richest in 2016.

Alibaba Chairman Jack Ma owns assets ranging to USD 20.5 billion and he is the second richest person in China.