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Alibaba’s Jack Ma and four other Chinese entrepreneurs were named among the World’s Most Powerful People, alongside successful politicians and business leaders, according to Forbes’ annual ranking.
Jack Ma, ranking No. 28 on the list, has set a goal of creating 10 million profitable businesses and 100 million jobs in the next 20 years. Ding Xuedong, chairman of China Investment Corporation, the country's largest sovereign wealth fund, is also listed. Ding is responsible for steering an asset pool reportedly worth more than $800 billion. Ma Huateng (No. 45), founder of Chinese internet giant Tencent, provides innovative services including mobile texting juggernaut WeChat. Real estate tycoon Wang Jianlin and Baidu CEO Robin Li are also included on the list.
The top 10 most powerful CEOs are all from American-run firms with a combined market cap of $3 trillion, according to Forbes. Larry Page, CEO of Google's parent company Alphabet, topped the rankings.
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