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Jack Ma, CEO of Alibaba and considered China's richest tech boss, with a net worth of about $US28 billion, promises to use funds he received from the Australian government to help Australian small business grow and expand offshore. He just cut the ribbon on a brand new Alibaba HQ in Australia.
It's understood the Daniel Andrews state government has provided a number of "incentives" to Alibaba to set up its Australia-New Zealand headquarters in Melbourne but the ecommerce giant refused to reveal the exact nature of these concessions or the size of the investment.
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