Jack Ma shows why China’s tycoons keep quiet

In 2011, Ma got a taste of how his ambitions might rub shareholders and regulators the wrong way. He quietly took over Alibaba’s payment service, Alipay, angering one of Alibaba’s biggest investors, Yahoo. Ma said the move had been necessary under new Chinese regulations. Alipay later became Ant Group.

from News-Economic Times https://ift.tt/3etfZCU