Why Alibaba Has Fallen From Grace?
The anti-monopoly probe will use Jack Ma as the guinea pig the Communist Party was looking for Jack Ma might be under firing line for having spoken against Chinese government and banking practices In a strange change of public perception, the teacher turned entrepreneur Jack Ma has suddenly become a 'villain', 'bloodsucking ghost'. The man behind the internet success called Alibaba business, is fondly called 'Daddy Ma' on the social media circuit. But off late, his fall out with the Chinese government has costed him his reputation in the public domain as well. It seems the government has problems with his growing business empire and probably with the fact, that he might not want them to have a share of it either. An anti-trust investigation is on the anvil. The Chinese government is trying to defame his powerhouse e-commerce company that he co-founded and over which he still holds considerable sway. Even his fintech giant that he had spun out of Alib...