Chinese Internet billionaire Jack Ma joined a group of Hong Kong��s richest people, among others, for an investor lunch on Monday in connection with this month��s initial public offering by Hong Kong jewelry chain Chow Tai Fook, the Standard newspaper reported on Tuesday.
The company��s offering will likely be one of the largest this year in Hong Kong.
Other billionaires on hand included Lee Shau Kee from Henderson Land and Joseph Lau, both from the real estate industry, as well as MGM China��s Pansy Ho from the casino business, the newspaper said. ??Chow Tai Fook is controlled by Hong Kong billionaire Cheng Yu-tung.
It might be more fun for Ma to ponder the future performance of Chow Tai Fook than the recent share price of his own Hong Kong-listed company, Alibaba.com. Shares in Alibaba.com, which is partly owned by Yahoo, have plunged as much as 20% this month on worries about the impact of slowing global economic growth.
Ma ranked no. 39 on the 2011 Forbes China Rich List published in September with wealth of $1.9 billion.
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