Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report
3 years, 2 months ago

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

News 18  

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources said. The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China’s financial regulators. In May, Ma made a rare visit to Alibaba’s Hangzhou campus during the firm’s annual “Ali Day” staff and family event, company sources have said. Earlier this year, regulators also imposed a sweeping restructuring on Ant, whose botched $37 billion initial public offering in Hong Kong and on Shanghai’s Nasdaq-style STAR Market would have been the world’s largest.

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History of this topic

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters
1 year ago

China’s Alibaba names CEO Eddie Wu to head its e-commerce business as its growth falters

Associated Press  

HONG KONG — China’s Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo. Alibaba’s chairman Joe Tsai said in an internal letter dated Wednesday that Dai will help set up an asset management company aimed at improving returns on capital …

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo
1 year ago

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo

Hindustan Times  

Jack Ma urged Alibaba Group Holding Ltd. to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago. Founder and Chairman of Chinese internet giant Alibaba Jack Ma Ma, who has mostly stayed away from day-to-day operations since 2020, stunned employees Wednesday by replying to a staff post …

Alibaba founder Jack Ma delays plans to trim stake after stock selloff
1 year, 1 month ago

Alibaba founder Jack Ma delays plans to trim stake after stock selloff

Hindustan Times  

Alibaba Group Holding Ltd. founder Jack Ma is walking back plans to trim his stake after the Chinese e-commerce heavyweight suffered its biggest selloff in more than a year last week. Founder and Chairman of Chinese internet giant Alibaba Jack Ma Ma has not sold a single share in Alibaba, as the stock price has not reached the level the …

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle
1 year, 3 months ago

Former CEO of China’s Alibaba quits cloud business in surprise move during its leadership reshuffle

Associated Press  

HONG KONG — The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle. In a filing to the Hong Kong stock exchange, Alibaba said that Eddie Wu, its new CEO, will also head its cloud unit. Wu and Alibaba’s new …

China imposes nearly $1 billion fine on Jack Ma's Ant Group: Report
1 year, 5 months ago

China imposes nearly $1 billion fine on Jack Ma's Ant Group: Report

Hindustan Times  

Chinese authorities imposed a fine of nearly USD 1 billion for the financial technology giant Ant Group on Friday, nearly three years after regulators blocked the company's proposal for a record-breaking public offering, which launched a period of intensified government scrutiny of technology firms, The New York Times reported. Following the crackdown on Ant in 2020, its sister company Alibaba, …

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle
1 year, 6 months ago

Chinese e-commerce giant Alibaba announces new CEO and chairman in major management reshuffle

Associated Press  

HONG KONG — China’s Alibaba Group has announced a major management reshuffle as the e-commerce giant restructures into six different business divisions to adapt to fast-changing technologies. Alibaba’s current executive vice chairman, Joseph Tsai, is to succeed Zhang as chairman of the Alibaba Group. Alibaba’s reorganization will allow five of its six business divisions, excluding the core e-commerce business, to …

Jack Ma Isn't Back
1 year, 6 months ago

Jack Ma Isn't Back

Wired  

Just under three years ago, Alibaba founder Jack Ma quoted China’s leader, Xi Jinping, in a speech to a finance conference in Shanghai. “Success isn’t up to me,” Ma said, a phrase Xi initially used to get officials to move away from short-term thinking and do more for the country’s long-term interests. Ma threw this quote back on regulators and …

Alibaba's co-founder Jack Ma accepts university teaching post in Hong Kong
1 year, 8 months ago

Alibaba's co-founder Jack Ma accepts university teaching post in Hong Kong

Firstpost  

Jack Ma, the co-founder of Chinese tech giant Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. Ma keeps low profile after publicly criticising Chinese govt Ma has kept a low profile since late 2020 when a speech he made attacking Chinese regulators was followed by Beijing pulling the plug …

Jack Ma becomes university teacher after Alibaba rout
1 year, 8 months ago

Jack Ma becomes university teacher after Alibaba rout

Hindustan Times  

Jack Ma, founder of Chinese tech giant Alibaba, has been made an honorary professor of business at a top Hong Kong university, the school announced Friday. Jack Ma, billionaire founder of Alibaba Group, The appointment comes weeks after the billionaire made a rare public appearance in China following his fall from grace during a government crackdown on the tech industry …

Alibaba shares jump 14% as plan to break up China tech giant is revealed
1 year, 8 months ago

Alibaba shares jump 14% as plan to break up China tech giant is revealed

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese technology giant Alibaba’s shares …

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China
1 year, 8 months ago

Alibaba to split empire into 6 units as co-founder Jack Ma returns to China

Hindustan Times  

Alibaba Group plans to split into six units and explore fundraisings or listings for most of them, it said on Tuesday, in a major revamp as Beijing vows to ease a sweeping regulatory crackdown and support its private enterprises. The Chinese e-commerce conglomerate said that the biggest restructuring in its 24 year history would see it split into six units …

Alibaba's Jack Ma returns to mainland China
1 year, 8 months ago

Alibaba's Jack Ma returns to mainland China

The Hindu  

Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school on March 27 in the city where his company is headquartered and discussed topics such as artificial intelligence. Shortly afterward, authorities put the brakes on the initial public offering of Alibaba’s financial affiliate Ant Group, which had been set to raise $34.5 billion in …

Alibaba Co-Founder Jack Ma Returns to China After a Year Away
1 year, 8 months ago

Alibaba Co-Founder Jack Ma Returns to China After a Year Away

Live Mint  

Jack Ma, Alibaba Group Holding Ltd.’s billionaire co-founder, has returned to mainland China after spending roughly a year overseas, according to people familiar with the matter. Mr. Ma’s travels have been the subject of intense scrutiny as China’s leadership seeks to regain the confidence of entrepreneurs following years of regulatory clampdowns and Covid-19 pandemic measures that battered the country’s private …

Alibaba’s Jack Ma returns to mainland China
1 year, 8 months ago

Alibaba’s Jack Ma returns to mainland China

Associated Press  

HONG KONG — Alibaba founder Jack Ma has resurfaced in China after months of overseas travel, visiting a school Monday in the city where his company is headquartered and discussed topics such as artificial intelligence. He has kept a low profile with few public appearances since Nov. 2020, when he had publicly criticized China’s regulators and financial systems during a …

Alibaba's Jack Ma returns to China after year-long absence: Report
1 year, 8 months ago

Alibaba's Jack Ma returns to China after year-long absence: Report

Hindustan Times  

Alibaba founder Jack Ma has returned to China, the South China Morning Post reported on Monday, ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China's private businesses. Ma, one of China's best known entrepreneurs, left mainland China in late 2021 and has been seen in photographs in Japan, Australia and …

The Continuing Saga of China’s Ant Group
1 year, 10 months ago

The Continuing Saga of China’s Ant Group

The Diplomat  

Chongqing Ant Consumer Finance, a subsidiary of Alibaba’s spinoff financial arm, Ant Group, recently received regulatory approval to raise $1.5 billion to expand itself into the consumer finance business. According to Reuters, after the CBIRC approved Cinda’s funding plan, China’s State Council questioned the investment in Ant Group without having it restructured as per state demands. First, the billionaire’s controversial …

China’s top tech dealmaker Bao Fan goes missing
1 year, 10 months ago

China’s top tech dealmaker Bao Fan goes missing

Al Jazeera  

The billionaire investment banker is unreachable, according to the investment bank he founded. Bao Fan, one of China’s most high-profile investment bankers known for overseeing mergers involving tech giants Didi and Meituan, has gone missing, according to the investment bank he founded. China Renaissance Holdings Ltd said in a filing to the Hong Kong stock exchange on Thursday that the …

Explained: How Chinese regulators grounded Jack Ma's ambitions
1 year, 11 months ago

Explained: How Chinese regulators grounded Jack Ma's ambitions

Firstpost  

A reshuffling of Jack Ma’s shareholding structure will see the Chinese business tycoon cede control of the fintech giant he formed in 2014 Jack Ma, the unconventional billionaire founder of tech giant Alibaba and the totem of China’s entrepreneurial brilliance, has stepped out of the limelight since a Communist Party crackdown that chopped back his empire. Chinese regulators torched the …

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp
1 year, 11 months ago

Jack Ma, Ant Group founder, to give up control of fintech giant in revamp

The Hindu  

Ant Group's founder Jack Ma will give up control of the Chinese fintech giant in an overhaul that seeks to draw a line under a regulatory crackdown that was triggered soon after its mammoth stock market debut was scuppered two years ago. The Wall Street Journal reported in July last year, citing unnamed sources, that Mr. Ma could cede control …

Chinese regulators approve capital expansion for Ant Group
1 year, 11 months ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports
2 years ago

Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese billionaire Jack Ma has …

Where is Jack Ma? Not in China anymore, he is out of the country
2 years ago

Where is Jack Ma? Not in China anymore, he is out of the country

India Today  

Born to a poor family, Alibaba founder Jack Ma grew up to become one of the richest men in China. The latest media report suggests that the Alibaba founder is currently residing in Tokyo, Japan with his family. The Alibaba founder has been staying out of China with his family since he ran into trouble with the Chinese government over …

Alibaba co-founder Jack Ma living in Tokyo after China's crackdown on tech firms: Report
2 years ago

Alibaba co-founder Jack Ma living in Tokyo after China's crackdown on tech firms: Report

Firstpost  

58-year-old Ma has largely disappeared from public view since he criticised the Chinese regulators in 2020, accusing the state-run banks of having a pawnshop mentality and calling for bold new players that can extend credit to the collateral poor Beijing: Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly …

Chinese billionaire Jack Ma ‘living in Japan’ after tech crackdown: report
2 years ago

Chinese billionaire Jack Ma ‘living in Japan’ after tech crackdown: report

The Hindu  

Chinese billionaire and Alibaba founder Jack Ma has been living in Japan amid the Chinese government’s ongoing crackdown on technology companies, according to a report on Tuesday. The usually high-profile Mr. Ma has stayed away from the public spotlight in China for more than two years and has avoided public engagements, coinciding with regulatory probes targeting e-commerce giant Alibaba and …

Alibaba founder Jack Ma is living in Tokyo now: Report
2 years ago

Alibaba founder Jack Ma is living in Tokyo now: Report

Hindustan Times  

Chinese billionaire and e-commerce giant Alibaba founder Jack Ma who ran into trouble with the Chinese government over violating anti-monopoly regulations and kept a low profile since 2020 is now living in Tokyo for about six months, according to a media report on Tuesday. Alibaba Group co-founder and executive chairman Jack Ma Ma’s months-long stay in Japan with his family …

Alibaba lays off nearly 10K employees amid poor sales
2 years, 4 months ago

Alibaba lays off nearly 10K employees amid poor sales

India TV News  

Chinese tech conglomerate Alibaba has bid goodbye to nearly 10,000 employees in an effort to cut expenses amid sluggish sales and a slowing economy in the country, the media reported on Saturday. According to South China Morning Post, more than 9,241 employees left Hangzhou-based Alibaba during the June quarter, as the company trimmed its overall headcount to 245,700. "That put …

Today's Cache | Jack Ma’s yearlong hiatus ends in agri-tech
3 years, 1 month ago

Today's Cache | Jack Ma’s yearlong hiatus ends in agri-tech

The Hindu  

Beijing has turned a man who founded one of the world’s most valuable ecommerce company to agricultural technology Just a year ago, Alibaba’s founder Jack Ma had everything going him. Ma was gearing up for the Ant Group’s biggest share sale in history, which could potentially raise $34.4 billion and value the group at more than $310 billion. At the …

Jack Ma spotted outside China for first time since his run-in with regulators
3 years, 2 months ago

Jack Ma spotted outside China for first time since his run-in with regulators

India Today  

Alibaba co-founder Jack Ma has been away from the public glare for the longest time. A coupled of days ago, Jack Ma was spotted in Hong Kong for a business meeting but his Spain trip does not seem like an official one and the technology billionaire is believed to have stepped out for his first overseas trip since the crackdown …

China Billionaire Jack Ma Travels to Europe in First Trip Abroad Since Crackdown on Alibaba
3 years, 2 months ago

China Billionaire Jack Ma Travels to Europe in First Trip Abroad Since Crackdown on Alibaba

News 18  

Jack Ma, China’s billionaire and founder of e-commerce giant Alibaba, has travelled to Europe for an agriculture study tour, his first trip abroad since he ran into trouble with the Chinese government last year over violating anti-monopoly regulations. Before flying to Europe, Ma was in Hong Kong to spend low-key private time with his family, the Hong Kong-based South China …

China's war on everything turns towards its own tycoons, with Jack Ma being a prime example
3 years, 4 months ago

China's war on everything turns towards its own tycoons, with Jack Ma being a prime example

ABC  

Until around nine months ago, Jack Ma was one of the world's richest and most powerful business figures, worth more than $54 billion. A high-flying tech entrepreneur, the Alibaba founder was on the brink of launching the world's biggest Initial Public Offering, the public float of an Alibaba offshoot, a financial services giant called ANT. The fall of Jack Ma …

Jack Ma: Alibaba co-founder says billionaire is ‘lying low’ and has taken up painting
3 years, 6 months ago

Jack Ma: Alibaba co-founder says billionaire is ‘lying low’ and has taken up painting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba founder Jack Ma is …

Alibaba executive says founder Jack Ma ’lying low’: Report
3 years, 6 months ago

Alibaba executive says founder Jack Ma ’lying low’: Report

Live Mint  

Alibaba Group Holding founder Jack Ma is "lying low" and focusing on hobbies and philanthropy, the Chinese e-commerce giant's executive vice chairman and co-founder Joe Tsai told CNBC on Tuesday. Following Ma's criticism of China's regulatory system last year, Beijing came down heavily on the company, leading to the shelving of financial affiliate Ant Group's $37 billion initial public offering …

Alibaba executive says Jack Ma ‘lying low’, focusing on hobbies
3 years, 6 months ago

Alibaba executive says Jack Ma ‘lying low’, focusing on hobbies

Al Jazeera  

Jack Ma, who is known for his outspokenness and audacious statements, has been largely out of the public view since criticising China’s regulatory system. Alibaba Group Holding founder Jack Ma is “lying low” and focusing on hobbies and philanthropy, the Chinese e-commerce giant’s executive vice chairman and co-founder Joe Tsai told CNBC on Tuesday. Following Ma’s criticism of China’s regulatory …

Chinese Billionaire Jack Ma’s Net Worth Halves In Less Than A Year. Know Why
3 years, 6 months ago

Chinese Billionaire Jack Ma’s Net Worth Halves In Less Than A Year. Know Why

News 18  

Once the richest man in China, Jack Ma’s worth has tanked by half in less than a year. He is also the creator of the world’s largest fintech company Ant Group. How the downfall started Ma’s downfall originated with the cancellation of Ant Group’s $34.5 billion IPO that was scheduled in the second half of the last year. The initial …

Can China still lead the world in tech without a new Jack Ma?
3 years, 6 months ago

Can China still lead the world in tech without a new Jack Ma?

CNN  

Hong Kong CNN Business — China has cut its global tech champions down to size, cracking down on antitrust abuses and undue risk taking. “The atmosphere hovering over China’s tech landscape has grown increasingly toxic,” said Alex Capri, a research fellow at Hinrich Foundation and a visiting senior fellow at National University of Singapore. He cited Zhang’s move as “proof …

China's Ant explores ways for Jack Ma to exit
3 years, 8 months ago

China's Ant explores ways for Jack Ma to exit

The Hindu  

Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to …

Chinese govt pressurises Ant Group to facilitate exit of founder Jack Ma
3 years, 8 months ago

Chinese govt pressurises Ant Group to facilitate exit of founder Jack Ma

Op India  

A month after the Communist regime in China cracked down on the media assets of Alibaba, it has now directed Alibaba’s affiliate company Ant Group to take away control from its founder Jack Ma, reported Reuters. The Chinese regulators have directed the Ant Group to find options to sell Jack Ma’s stake in the company so as to seize control …

Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma
3 years, 8 months ago

Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma

News 18  

Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan antitrust fine on Saturday, resolving one key uncertainty even as others persist for himself and his business empire. That was until his Shanghai speech triggered a backlash that led to the scuppering of a blockbuster …

China denies plan for $1 bn Alibaba fine
3 years, 9 months ago

China denies plan for $1 bn Alibaba fine

The Hindu  

China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. The market's regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street …

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny
3 years, 9 months ago

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

The Hindu  

Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on March 2 showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. Ma and his family had held the top spot for China’s richest in the Hurun Global Rich List in 2020 and 2019 but …

China: Political rivalry behind Jack Ma's disappearance and suspension of Ant IPO
3 years, 10 months ago

China: Political rivalry behind Jack Ma's disappearance and suspension of Ant IPO

Op India  

On the 20th of January, Jack Ma, who was missing for weeks finally made an appearance, that too, via a video posted by the Chinese state media. While speculations were rife about China suspending the IPO of Ant Group due to the public comments made by Jack Ma against the Chinese regime, reports now indicate that there could a political …

Jack Ma’s Ant Group was the next big thing. Now it may become just a boring bank
3 years, 10 months ago

Jack Ma’s Ant Group was the next big thing. Now it may become just a boring bank

CNN  

Hong Kong CNN Business — Jack Ma’s Ant Group quickly became one of China’s most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. The People’s Bank of China last September outlined new measures for financial holding companies that required them to hold “adequate capital” matching the amount …

Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons
3 years, 10 months ago

Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons

News 18  

The Chinese state media on Tuesday published a list of its pioneering tech giants, but there was a striking absence of one tycoon – Jack Ma. In the list, BYD Co. Chairman Wang Chuanfu, Xiaomi Corp. co-founder Lei Jun and Huawei Technologies Co.’s Ren Zhengfei, found mention among others. That had prompted a flurry of speculation about what might have …

Jack’s back: Chinese e-tycoon ends silence with online video
3 years, 11 months ago

Jack’s back: Chinese e-tycoon ends silence with online video

Associated Press  

BEIJING — China’s highest-profile entrepreneur, Jack Ma, appeared Wednesday in an online video, ending a 2 1/2-month absence from public view that prompted speculation about the future of the e-commerce billionaire and his Alibaba Group. Days later, regulators suspended the planned multibillion-dollar stock market debut of Ant Group, a financial platform that grew out of Alibaba’s payments service, Alipay. That …

Jack Ma appears in public in boost to Alibaba
3 years, 11 months ago

Jack Ma appears in public in boost to Alibaba

The Hindu  

Alibaba founder Jack Ma made his first public appearance on Wednesday since November, quelling speculation about his fate and giving a boost to his embattled conglomerate. Alibaba’s shares were up 8% in Hong Kong after Mr. Ma’s first appearance in close to three months, as he appeared "during a rural teacher-themed social welfare event via video link”, Chinese media reported. …

Jack Ma, 'Missing' for Months Since China Fallout, Emerges for First Time for Virtual Meet With Teachers
3 years, 11 months ago

Jack Ma, 'Missing' for Months Since China Fallout, Emerges for First Time for Virtual Meet With Teachers

News 18  

Amid reports speculating about Alibaba founder and billionaire Jack Ma’s whereabouts, Chinese state media has shared a video of him ‘virtually’ meeting a hundred rural teachers across the country on Wednesday. But on Wednesday, Chinese state media Global Times shared a video of Ma interacting with a 100 rural teachers through video conference. #Alibaba founder Jack Ma Yun @JackMa, the …

Jack Ma makes first public appearance in months, and Alibaba stock is surging
3 years, 11 months ago

Jack Ma makes first public appearance in months, and Alibaba stock is surging

CNN  

Hong Kong CNN Business — Jack Ma just made his first public appearance in months as his tech empire continues to face scrutiny from Chinese regulators. Ma had not made a public appearance or social media post since late October, just over a week before Alibaba’sfinancial affiliate Ant Group was scheduled to list on the Shanghai and Hong Kong stock …

Alibaba under investigation amid speculation over Jack Ma's 'disappearance'
3 years, 11 months ago

Alibaba under investigation amid speculation over Jack Ma's 'disappearance'

ABC  

Chinese regulators have launched an investigation into China's biggest e-commerce giant Alibaba, cofounded by Jack Ma, one of the country's richest men. The State Market Supervision Administration issued a one-line statement on Christmas Eve that it had filed an antitrust investigation into Alibaba Group Holdings Ltd over their "suspected monopolistic practices". But it specified one of Alibaba's so-called "choosing one …

Jack Ma was almost bigger than China. That’s what got him into trouble
3 years, 11 months ago

Jack Ma was almost bigger than China. That’s what got him into trouble

CNN  

Tokyo CNN Business — Billionaire Jack Ma is a rare figure in China: a charismatic entrepreneur who speaks his mind and pushes boundaries. As Ma’s financial tech firm Ant Group was preparing for the world’s largest initial public offering, he accused authorities of stifling innovation and blasted the country’s banks for having a “pawn shop” mentality. “I think there’s one …

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