Jack Ma s Costliest Business Lesson: China Has Only One Leader – WSJ

Brainy and ambitious, Jack Ma built one of China s largest business empires from scratch, creating billions of dollars in wealth and introducing digital innovations to hundreds of millions of people. He wasn t China s Jeff Bezos, Elon Musk or Bill Gates. He was their peer.

Now he has disappeared almost entirely from public view, in part because of the same go-for-broke drive he shared with the other 21st century tech titans.

Technological disruption, once seen as a useful prod for China to catch up with the West, has been recast as a threat to the ruling Communist Party. As a result, Xi Jinping, China s most powerful leader in decades, is rewriting the rules of business for the world s second-largest economy.

via www.wsj.com