Jack Ma: tycoon who soared on China's tech dreams grounded by regulators


Alibaba Group co-founder and executive chairman Jack Ma. - AFP

BEIJING (AFP): Jack Ma, the ebullient and unconventional billionaire founder of tech giant Alibaba and the totem of China's entrepreneurial brilliance, now finds himself up against a Communist leadership seemingly intent on hacking back his empire and issuing a lesson that no one is bigger than the party.

Ma, the most recognisable face in Asian business with a fortune estimated at around US$58 billion, has already faced the ignominy of having the world's biggest-ever IPO spiked by Chinese regulators days before its launch.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , Alibaba , Jack Ma , regulators

   

Next In Aseanplus News

Heatstroke kills 30 in kingdom
Breaking a sweat over intense heat
Thousands pray for rain amid heatwave
Zoo, forced to close over animal cruelty, reborn as rehab centre
Beating US in sci-tech
Spices Board probes pesticide complaints
Tough job ferrying voting machines
‘Golden rice’ production blocked over safety fears
Boris Becker to be discharged from bankruptcy - lawyer
Soccer-FIFA signs four year worldwide partnership deal with Saudi Aramco

Others Also Read