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How China Lost Patience With Jack Ma, Its Loudest Billionaire
How China Lost Patience With Jack Ma, Its Loudest Billionaire
Jack Ma, a co-founder of e-commerce behemoth Alibaba Group Holding Ltd., China s largest company, told the audience that day at the Bund Summit that he was torn about speaking, but felt this was a most critical moment in the development of finance.
Jack Ma s spectacular fall from grace has been years in the making.
Highlights
His empire has been under regulatory scrutiny
At Alibaba, executives are dealing with the antitrust legislation
When Jack Ma took to a Shanghai conference stage in October, China s most famous entrepreneur was on the brink of pulling off an unprecedented $35 billion initial public offering for the finance juggernaut he co-founded two decades earlier. Ant Group Co. s listing would value the company at more than $300 billion and swell Ma s own fortune beyond its already blistering $61 billion, cementing h ....

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