Date: 2023-06-20T15:55:23Z Creator: Bitfolio Academy
The astonishing story of Jack Ma suggests that no CEO is too powerful and no company too large to prevent government intervention. Ma’s story will be remembered for decades. A $33 billion titan of business and founder of the gargantuan Alibaba, was unceremoniously removed as chairman and the world’s largest IPO with the company valued at $313 billion was canceled in 2020.
It’s hard to believe that the man once crowned the world’s wealthiest was suddenly swept away by what appeared to be a vengeful wave of Chinese government control. But, Jack Ma is showing his resilience by picking up the pieces and focusing his energy on a teaching career–currently teaching in Japan.
The rise and fall of Jack Ma’s Alibaba is a lesson for us all – you never know when the government will come for you, so be prepared and never forget the stories of those who have gone before us.
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