Where’s Jack Ma? The disappearance and fall from grace of China’s richest man
Jan 8, 2021
Jack Ma was a happy man on the morning of October 24. Its second-largest creation, Ant Group, a financial services conglomerate founded in the late 1990s and driven to a dominant position in the Chinese tech ecosystem, was about to go public. The IPO, valued at more than $ 37 billion, was to be the largest ever known to man, even higher than that carried out by Aramco a few years earlier.
Who was and is the richest man in China must have felt gigantic. Untouchable. To the point of making a historical mistake.
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