Jack Ma spent tens of millions of dollars to set up "Ma Kitchen", the scope of business includes the sale of prepared vegetables

Thanks to CTOnews.com netizens for the clues of sharing! CTOnews.com November 23 news, the national enterprise credit information publicity system website shows that on November 22, Hangzhou Majia Kitchen Food Co., Ltd. was established, the legal representative is PAU JASON JOHN, the registered capital is 10 million yuan, the scope of business includes food sales (only selling prepackaged food), import and export of goods, wholesale of edible agricultural products, wholesale of daily necessities, hotel management, technical services, and so on.

The equity panorama shows that the company is wholly owned by Hangzhou Dajingtou Ershi II Culture and Art Co., Ltd., which is 99.9% owned by Jack Ma.

In addition, Xu Shi, the supervisor of Ma's kitchen, was a former executive at the Ma Yun Public Welfare Foundation and is currently an executive at several of Jack Ma's art management companies and consulting companies, according to the New Consumer Daily.

CTOnews.com noted that prepared food has been a hot topic on the Internet since the beginning of this year, and there has been a lot of controversy around it. According to the data, the scale of China's prefabricated vegetable market will reach 419.6 billion yuan in 2022, and it is expected to exceed one trillion yuan in 2026.

According to a recent statement issued by Jack Ma's office, Ma has been raising funds for domestic and foreign investment in agricultural science and technology and public welfare undertakings in recent years. At present, "Ma Kitchen" has not revealed more business plans, and how it will be run in the future is unknown.