Wealth

What Happened to Jack Ma?


Once revered in China as one of the country’s top businessmen, Jack Ma seems to have found himself on the outs with the government of Xi Jinping. The Alibaba co-founder finds his businesses are facing regulatory crackdowns following a speech in which he criticized China’s regulators and banks. A consequence of this: A canceled IPO for Ant Group which would have been one of the world’s largest. Now Ma must navigate his way back into the good graces of the Chinese government.

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