The business is wholly owned by an entity named Hangzhou Dajingtou No. 22 Arts and Culture, of which Jack Ma has 99.9% ownership, according to Qichacha, a corporate data provider in China.

Alibaba cofounder Jack Ma just set up a new company called "Hangzhou Ma's Kitchen Food," per media reports. It's involved in sales of pre-packaged food and the processing and retail of ...