Hero of the financial revolution
Can the Chinese Communist Party learn to live with Jack Ma?
Monday 9 November 2020
Until last week Jack Ma was on course to cement his status as a Chinese business icon and serial creator of billionaires in his own maverick image. Then he collided with the Chinese state.
After a brief, tense meeting with government officials, the flotation of Maâ€™s online financial services giant, Ant Group, was suspended. It was going to be the biggest IPO in history. Now itâ€™s unclear if it will happen at all.
What went wrong? What does it mean for business in China? What does it mean for Ma? Rui Ma â€“ no relation, but deeply immersed in the Chinese fintech revolution â€“ went in search of answers.Â Giles Whittell, editor