Singapore has always attracted expatriate elites from all over the world with its low taxes, high salaries and quality living environment. From the British colonization in the early years to the current bank executives, Singapore has become an ideal place for them to live. For Alibaba's founder, Jack Ma and his wife, Zhang Ying, are no exception.
The news that Jack Ma and his wife Zhang Ying have purchased a property in Singapore has attracted widespread attention. According to reports, Teo Ying bought three shophouses on Darkston Road in Singapore, worth up to S$45 million to S$50 million. Spanning 3,239 sq ft, these shophouses may be used as private clubs for entertaining friends and colleagues, and may even be rented out.
In addition to the Jack Ma family, a number of other Alibaba executives have also bought properties in Singapore. For example, Peng Lei, the founder of Alipay, and her husband, Sun Tongyu, bought a luxury penthouse in Singapore worth 2 billion yuan. Equipped with a sky garden, a dedicated elevator and a swimming pool, the property set a record for the most expensive penthouse in Singapore at the time.
Although Alibaba has repeatedly denied rumors of a global headquarters in Singapore, Singapore remains one of its important overseas markets. Alibaba has set up a number of branches and offices in Singapore, where it has recruited a large number of local employees.
For Alibaba founders like Jack Ma and Peng Lei, Singapore is not only an ideal place to live, but also a great place to expand their business. Singapore's geographical location, political stability, and financial markets all provide great convenience to entrepreneurs. At the same time, Singapore's tax policy and high-quality living environment have also attracted a large number of expatriate elites and executives to work and live.
With its unique charm and advantages, Singapore attracts expatriate elites and entrepreneurs from all over the world to invest and reside. Whether it's Alibaba's founders, Jack Ma and Peng Lei, or other expatriate executives, they have all found their own place here.