Alibaba's Jack Ma: 'I don't have time to spend money'

Jack Ma, Chairman of Alibaba Group, speaks with reporters following his meeting with President-elect Donald Trump at Trump Tower, January 9, 2017 in New York City. Alibaba on Wednesday unveiled a new AI-powered smart speaker due to hit the market in August. It appears the richest man in Asia does not have time to spend all those earnings. This week, Bloomberg published a video interview with Jack Ma, the founder and chairman of Chinese e-commerce giant Alibaba, in which he made it clear he doesn't use his time by going on shopping sprees. "I don't have time to spend money," he said.