A year ago Alibaba founder Jack Ma gave a speech that would upend his business empire.
Ma told an audience in Shanghai that it was time to “change the pawnshop mentality of today’s finance.” His comments were provocative both in content and timing, coming less than two weeks before his giant fintech company Ant Group was scheduled to go public.
Regulators pulled the plug on Ant’s IPO two days before the due date, in turn setting off China’s year of ‘crackdowns’
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