How China lost patience with Jack Ma, its loudest billionaire
His fall from grace had been years in the making. The sudden cancellation of his Ant Group IPO took many investors but surprise. Jack Ma, who co-founded Alibaba — China's answer to Amazon — is well known for being the nation's richest person, as well as "for his confident swagger and soaring rhetoric." Rhetorics that have made him face mounting pressure from Xi Jinping's government, and led him to "all but vanished from public view" recently. In Bloomberg Businessweek, Lulu Yilun Chen and Coco Liu take a closer look into the enigmatic billionaire.
From Bloomberg Businessweek