Alibaba Group Holding co-founder Jack Ma has taken a risk to enter into the food and beverage industry. As per the report in the South China Morning Post, Jack Ma has started a new enterprise that sells pre packaged food. Actually the name of Jack Ma’s pre-packaged food company translates to “Hangzhou Ma’s Kitchen Food” in English and according to the National Enterprise Credit Information Publicity System, an official business registry information platform; the company has launched in China’s Hangzhou which is actually the hometown of the business magnate and his empire. The report in South China Morning Post further says that the company intends to sell pre-packaged foods, ready meals and edible agricultural products. This step by Jack Ma is done for the increasing demands of packaged food and lifestyle changes post-pandemic. After doing lots of research in market it is found that the domestic ready meals industry in China sees potential growth in the coming next three years.
Today in China different types of industry is rising in high speed and people are doing business with huge income. Jack Ma is very famous personality as he has made great achievement in business. People know that today life is changing very fast and for these different types of demand coming. Due to this Jack Ma is trying different business idea so that he meets people need and earns money from it.
