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How Jack Ma Changed the Chinese View of Entrepreneurs
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How Jack Ma Changed the Chinese View of Entrepreneurs

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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When Alibaba co-founder and chairman Jack Ma announced earlier this month that he was stepping down as head of the Chinese e-commerce giant, the move reverberated in multiple directions. The 54-year-old Ma has not only taken Alibaba to a market capitalization of around 0 billion over a span of 19 years, but also inspired a wave of entrepreneurship in China. He especially demonstrated a knack for finding ways to both cultivate the government and to circumvent stringent laws. CEO Daniel Zhang will succeed Ma as chairman in September 2019, but Ma will stay on the company’s board until 2020, when his term ends. Trained as a teacher, Ma said he has “lots of dreams to pursue,” including returning to education and continuing as a founder of the Alibaba Partnership, a group made up of founders and company managers.…

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