Jack Ma did not code Alibaba in his college dorm room. Indeed, Ma can’t code a lick, and claims he doesn’t understand technology. Yet the 49-year-old former English teacher is the force behind an e-commerce giant that accounts for 60% of all packages shipped through China’s postal system. Ma is…
By Gerry Shih, Matthew Miller and Paul Carsten SAN FRANCISCO/BEIJING (Reuters) – Part-way through Alibaba Group Holding Ltds long-awaited IPO prospectus was a subtle, but striking, warning: investors should know that lead founder and executive chairman Jack Ma might work against the companys best interests. The acknowledgement, on page 42 of a 300-plus-page filing, highlighted […]
Angry Chinese nationalists finally woke up on Wednesday to the fact that Japanese and American companies own more than half of e-commerce juggernaut Alibaba, and have done for years. “Who is Jack Ma working for?” asked some on microblogs, hours after Alibaba Group Holding Ltd filed a prospectus for an initial public offering of its […]
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