Jack Ma Snubbed As Entrepreneurial Leaders By Chinese Media

Alibaba Group founder Jack Ma has been left off a list of Chinese entrepreneurial leaders published by state media – the snub underscoring how just far he has fallen out of favour with Beijing.


 China’s best known businessman was not mentioned in an front-page article published by the Shanghai Securities News.

 Instead Huawei Technologies’ Ren Zhengfei, Xiaomi Corp’s Lei Jun and BYD’s Wang Chuanfu were lauded for their contributions.  

It was published on Tuesday when Alibaba will also report its latest quarterly earnings. 

The e-commerce giant did not immediately respond to a request for comment. 

 The catalyst for Ma’s current woes was an Oct. 24 speech in which he blasted China’s regulatory system, leading to the suspension of his Ant Group’s $37 billion IPO just days before the fintech giant’s listing.

Post a comment

0 Comments