Jack Ma stood with Jeff Bezos and Elon Musk as a global tech giant. But he failed to please China’s leader Xi Jinping and has largely disappeared from view.
built one of China’s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn’t China’s Jeff Bezos, Elon Musk or Bill Gates. He was their peer.
Now he has disappeared almost entirely from public view, in part because of the same go-for-broke drive he shared with the other 21st century tech titans. Technological disruption, once seen as a useful prod for China to catch up with the West, has been recast as a threat to the ruling Communist Party. As a result, Xi Jinping, China’s most powerful leader in decades, is rewriting the rules of business for the world’s second-largest economy.
Mr. Ma failed to keep pace with Beijing’s shifting views and lost an appreciation for the risks of falling out of step, according to people who know him. He tuned out warnings for years, they said. He behaved too much like an American entrepreneur. Mr. Ma’s exit from the world stage followed a typically frank speech in October, when he criticized Chinese regulators for stifling financial innovation. Mr. Xi personally intervened days later to block the record $34 billion-plus initial public offering of Ant Group, Mr. Ma’s financial-tech company. Since then, Ant has been
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Twitter and Square CEO Jack Dorsey says he is 'trying' bitcoin miningIt's no secret that Jack Dorsey, CEO of Twitter and Square, loves bitcoin, the largest cryptocurrency by market value. Now, the billionaire is mining it, too.
Consulte Mais informação »
Shohei Ohtani Unoffended By Jack Morris' Remarks, 'Didn't Take Anything Personally'Shohei Ohtani says he was unbothered by Detroit Tigers broadcaster Jack Morris' comments.
Consulte Mais informação »
Tigers broadcaster Jack Morris suspended for Shohei Ohtani remarksDetroit Tigers broadcaster Jack Morris was suspended indefinitely for his comments about Los Angeles Angels superstar Shohei Ohtani during a game on Tuesday.
Consulte Mais informação »
MLB's Jack Morris Suspended Indefinitely For Using Accent Before Ohtani At-BatDetroit Tigers analyst Jack Morris apologized after using an offensive accent before a Shohei Ohtani at-bat.
Consulte Mais informação »
Baseball announcer Jack Morris suspended indefinitely for racist remark about Shohei OhtaniDetroit Tigers television analyst Jack Morris has been suspended indefinitely by a regional sports network for using an offensive accent on air in reference to Los Angeles Angels player Shohei Ohtani.
Consulte Mais informação »
Broadcaster Jack Morris apologizes for racist comment regarding Angels’ Shohei OhtaniBally Sports Detroit broadcaster Jack Morris apologized Tuesday night for an offensive comment he made regarding Angels star Shohei Ohtani.
Consulte Mais informação »