Jack Ma’s first trip abroad in over a year saw Alibaba gain $42b in value

Jack Ma’s first trip abroad in over a year saw Alibaba gain $42b in value

FILE PHOTO: Jack Ma, founder and executive chairman of China's Alibaba Group, speaks in front of a picture of SoftBank's human-like robot named 'pepper' during a news conference in Chiba, Japan, June 18, 2015. REUTERS/Yuya Shino/File Photo/File Photo

This was supposed to be Jack Ma‘s finest hour: a year ago to the day, his Ant Group was meant to go public in a $37 billion blaze of glory. Instead Beijing reined in his empire, abruptly clipping the wings of corporate China’s biggest star.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter