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Tuesday, August 26, 2014, 12:47

Top 10 newsmakers who rocked China's stock market


Top 6 Jack Ma

Alibaba, China's e-commerce gaint founded by Jack Ma, expanded into logistics, Internet finance, social media sectors and so on in 2013.

Alibaba's every investment stirred the stock market as related sectors rose sharply.

Alibaba announced on Dec 9, 2013, that the company would invest HK$2.82 billion into Hong-Kong listed Haier Electronics Group Co Limited. Responding to this, shares of Shanghai-listed Qingdao Haier Company limited rose by 10 percent, the highest daily rising permit.

Qingdao Haier was only one of the many companies boosted by Alibaba's investment.

Alipay, a third-party payment platform, controlled by Jack Ma, rolled out Yu'e bao, China's first Internet wealth management product in June, 2013. Shares of Inner Mongolia Junzheng Company Limited, which held 36 percent of Tianhong Fund, which managed Yu'e bao, gained 91.48 percent in 2013.

Top 10 newsmakers who rocked China's stock market
Jack Ma, founder of Alibaba Group. (Photo / IC)

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