Yes.

Jack Ma chose to locate the headquarters of Alibaba Group in Singapore. The construction of the new headquarters building has begun and will be completed in 2028. This is an important sign that my country's private enterprises are becoming bigger and stronger and going global.

Alibaba Group Holdings Co., Ltd., referred to as Alibaba Group, with revenue of 717.289 billion yuan for the full fiscal year 2021, was founded by 18 people headed by Jack Ma, a former English teacher, in Hangzhou City, Zhejiang Province in 1999 company founded.