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

Explained: How Chinese regulators grounded Jack Ma's ambitions

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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 planned listing of Ma’s Ant Group in Hong Kong and Shanghai, and the following year hit Alibaba with a record $2.75 billion fine for alleged unfair practices. A Communist Party member, Ma’s rags-to-riches backstory came to embody a self-confident generation of Chinese entrepreneurs ready to shake up the world. He had previously indicated he preferred to keep the state at arm’s length, telling the World Economic Forum in 2007: “My philosophy is to be in love with the government, but never marry them.” Days before Ant’s IPO was pulled, a swaggering Ma launched a stinging public broadside against Chinese regulators, accusing them of stifling growth.

History of this topic

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo
1 year ago
Alibaba founder Jack Ma delays plans to trim stake after stock selloff
1 year, 1 month ago
China imposes nearly $1 billion fine on Jack Ma's Ant Group: Report
1 year, 5 months ago
Ant Group fined $985 million by Chinese regulators in signal that tech crackdown may end
1 year, 5 months ago
Jack Ma Isn't Back
1 year, 6 months ago
Alibaba's Jack Ma returns to mainland China
1 year, 8 months ago
Alibaba Co-Founder Jack Ma Returns to China After a Year Away
1 year, 8 months ago
Alibaba’s Jack Ma returns to mainland China
1 year, 8 months ago
Alibaba's Jack Ma returns to China after year-long absence: Report
1 year, 8 months ago
The Continuing Saga of China’s Ant Group
1 year, 10 months ago
Jack Ma, Ant Group founder, to give up control of fintech giant in revamp
1 year, 11 months ago
Chinese regulators approve capital expansion for Ant Group
1 year, 11 months ago
Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports
2 years ago
Where is Jack Ma? Not in China anymore, he is out of the country
2 years ago
Alibaba co-founder Jack Ma living in Tokyo after China's crackdown on tech firms: Report
2 years ago
Chinese billionaire Jack Ma ‘living in Japan’ after tech crackdown: report
2 years ago
Alibaba founder Jack Ma is living in Tokyo now: Report
2 years ago
Alibaba lays off nearly 10K employees amid poor sales
2 years, 4 months ago
Today's Cache | Jack Ma’s yearlong hiatus ends in agri-tech
3 years, 1 month ago
Jack Ma spotted outside China for first time since his run-in with regulators
3 years, 2 months ago
China Billionaire Jack Ma Travels to Europe in First Trip Abroad Since Crackdown on Alibaba
3 years, 2 months ago
Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report
3 years, 2 months ago
China's war on everything turns towards its own tycoons, with Jack Ma being a prime example
3 years, 4 months ago
China Cracks Down On Its Tech Giants. Sound Familiar?
3 years, 4 months ago
Jack Ma: Alibaba co-founder says billionaire is ‘lying low’ and has taken up painting
3 years, 6 months ago
Alibaba executive says founder Jack Ma ’lying low’: Report
3 years, 6 months ago
Alibaba executive says Jack Ma ‘lying low’, focusing on hobbies
3 years, 6 months ago
Chinese Billionaire Jack Ma’s Net Worth Halves In Less Than A Year. Know Why
3 years, 6 months ago
Can China still lead the world in tech without a new Jack Ma?
3 years, 6 months ago
China's Ant explores ways for Jack Ma to exit
3 years, 8 months ago
Chinese govt pressurises Ant Group to facilitate exit of founder Jack Ma
3 years, 8 months ago
China's Ant to become financial holding firm under enforced revamp
3 years, 8 months ago
Alibaba’s record fine is a ‘warning shot’ in China’s tech crackdown
3 years, 8 months ago
Record Penalty for Alibaba Marks Tumultuous Stretch for Founder Jack Ma
3 years, 8 months ago
Alibaba: Jack Ma company fined £2.4bn by China over alleged market violations
3 years, 8 months ago
China slaps $2.8 bn fine on Ma’s Alibaba
3 years, 8 months ago
China's small tech firms step out of the shadows as giants reel from regulatory crackdown
3 years, 9 months ago
China denies plan for $1 bn Alibaba fine
3 years, 9 months ago
Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny
3 years, 9 months ago
China: Political rivalry behind Jack Ma's disappearance and suspension of Ant IPO
3 years, 10 months ago
Jack Ma’s Ant Group was the next big thing. Now it may become just a boring bank
3 years, 10 months ago
‘Political links’ led to China blocking Jack Ma’s record IPO
3 years, 10 months ago
Jack Ma Out, Rival In: Ali Baba Co-founder Struck Off from Chinese List of Tech Icons
3 years, 10 months ago
Jack’s back: Chinese e-tycoon ends silence with online video
3 years, 11 months ago
Jack Ma appears in public in boost to Alibaba
3 years, 11 months ago
Jack Ma makes first public appearance in months, and Alibaba stock is surging
3 years, 11 months ago
Alibaba under investigation amid speculation over Jack Ma's 'disappearance'
3 years, 11 months ago
Jack Ma was almost bigger than China. That’s what got him into trouble
3 years, 11 months ago
Jack Ma Not Missing, But Laying Low for Time Being, Says Report After Speculation on Alibaba Founder
3 years, 11 months ago

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