Alidaba's Jack Ma Named "Financial Times" Person of the Year - East Idaho News
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Alidaba’s Jack Ma Named “Financial Times” Person of the Year

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Getty 121313 JackMa?  SQUARESPACE CACHEVERSION=1386941668511PETER PARKS/AFP/Getty Images(NEW YORK) — Move over Jeff Bezos and Elon Musk.  Jack Ma has been named by The Financial Times as its person of the year.

Ma is the billionaire Chinese entrepreneur and business showman who founded Alibaba.  The 10-year-old Internet company is the world’s largest e-commerce firm, with sales that outpace those of eBay and Amazon.

Alibaba’s revenue is said to account for as much as two percent of China’s gross domestic product.

The Financial Times writes, “Mr. Ma, godfather of China’s scrappy entrepreneurial spirit, is the FT’s 2013 Person of the Year because he personifies the Chinese internet — with all its potential and its contradictions.”

Alibaba is getting ready to sell shares to the public in a global IPO that is likely to be valued at more than $100 billion.

Copyright 2013 ABC News Radio

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