Crackdown On Jack Ma Risks Backfiring On This China Plan Crackdown On Jack Ma Risks Backfiring On This China Plan The Jack Ma incident could be a turning point for China s tech sector, says Rebecca Fannin, founder of research group Silicon Dragon Ventures.
Jack Ma s stature in China before the clampdown was hard to overstate. (File)
In barely 40 years, China has dramatically opened up its economy and become one of the world s primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi s drive toward tech dominance is being threatened by an unexpected speed bump: China s forceful crackdown on Jack Ma s business empire.