'Jack Ma invested heavily to establish 'Majia Kitchen', whose business scope covers the sales of prepared dishes'

News from this site on November 23, the website of the National Enterprise Credit Information Publicity System shows that on November 22, Hangzhou Majia Kitchen Food Co., Ltd. was established. The legal representative is PAU JASON JOHN, with a registered capital of 10 million yuan, The business scope includes food sales (only sales of pre-packaged food), import and export of goods, wholesale of edible agricultural products, wholesale of daily necessities, hotel management, technical services, etc.

The equity panoramic penetration chart shows that the company is wholly owned by Hangzhou Dajingtou 212 Culture and Art Co., Ltd. The latter is 99.9% owned by Jack Ma.

In addition, according to the New Consumer Daily, Xu Shi, a supervisor of Majia Kitchen, once served as an executive at the Jack Ma Charity Foundation, and currently also serves as an executive at several art management companies and consulting companies owned by Jack Ma.

Since this year, prepared dishes have become a hot topic on the Internet, and it has also been accompanied by continued controversy. Data shows that China’s prepared vegetable market will reach 419.6 billion yuan in 2022, and the market size is expected to exceed one trillion yuan by 2026.

According to a recent statement released by Jack Ma’s office, Jack Ma has been raising funds for Domestic and foreign investment in agricultural science and technology and public welfare projects. At present, "Majia Kitchen" has not disclosed more business plans, and its future business direction is still uncertain

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