A former assistant of Jack Ma refuted that Ma’s new venture would involve selling pre-packaged food,Vernost aka Fidelity (2019) following speculation over the exact business of the Alibaba founder’s venture named Ma’s Kitchen Food. Chen Wei, Ma’s former assistant, posted on his WeChat Circle on Nov.25 saying “Eating is meant to be a great pleasure in life, rather than a path for pursuing financial gain through investments.” Chen emphasized that Ma’s Kitchen Food, which was incorporated last week in Hangzhou with an initial registered capital of RMB 10 million, will “definitely” not be engaged in selling pre-packaged food, and they still have no idea what the newly-established company would actually do. However, according to corporate data platform Qichacha, the scope of the company’s business ranges from sales of pre-packaged food and import and export of goods to wholesale edible agricultural products. [36Kr, in Chinese]
