Settlement / fine
Jack Ma: $2.80B moved in 2021
Chinese regulators fined Alibaba a record 18.2bn yuan for abusing market dominance, months after Ant's IPO was pulled.
The figure
- Amount2,800,000,000 US dollars
- CategorySettlement / fine
- CorridorHangzhou, China → Beijing, China
- Distance1.1K km apart
- Year reported2021
- Documentation confidence95/100
What that amount buys
$2.80B is roughly 37 long-range private jets, 6.7K median-priced US homes, or 34.7K years of median US household income.
Jack Ma is publicly known as founder, alibaba and ant group. The arc drawn for this entry joins Hangzhou and Beijing because those are the places the two sides of the deal are based — it is not the route a wire took through the banking system.
Source
Reported by Wikipedia. Read the source record →