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 Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3vh3IIr
Friday, April 23, 2021
Jack Ma shows why China’s tycoons keep quiet
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment