Jack Ma starts a food business

🚨 Where Jack’s been - Jack Ma has been laying low after his comments on China’s government, disappearing from the public eye for almost 2 years.

🥕 New food project - Recently, it appears Jack Ma incorporated a small food company called "Hangzhou Ma’s Kitchen Food," at the same place where Alibaba is located and where Ma grew up. It has a starting capital of 10 million yuan or $1.4 million.

❓️ What they do - Hangzhou Ma’s Kitchen Food sells pre packaged food, processes and agricultural produce. There’s a big market for it according to CNN:

• Demand for ready made meals has grown 28% ($71.1B) and pre packaged foods tripled ($1.5B to $4B)

• This is driven by pandemic habits, inflation and quickness to prepare