Jack Ma Thought He Was Untouchable...Ended Up Losing $891 Billion

Description

Jack Ma was once the face of China’s rise. A former English teacher who built Alibaba into the crown jewel of Chinese tech, rivaling Amazon and reshaping global commerce. By 2020, he was preparing to launch Ant Group, a fintech giant running Alipay with over a billion users, in what would’ve been the biggest IPO in history. But everything changed after one speech. At Shanghai’s Bund Finance Summit, Ma criticized China’s banking system as outdated and risk-averse. Regulators were furious. Within days, Ant’s IPO was canceled. Soon after, Ma disappeared from public view. What followed was a sweeping crackdown. Alibaba was fined billions, Ant was forced to restructure, and Alipay was broken apart. Foreign investors fled, growth slowed, and youth unemployment surged. Now, in 2025, Jack Ma has suddenly returned. Xi Jinping personally invited him to a summit in Beijing, signaling desperation to revive confidence. But after everything, the question remains: why now? LinkedIn: https://www.linkedin.com/in/hariharan-jayakumar-silo Instagram: https://www.instagram.com/hariharan.jayakumar/ Timestamps: 0:00 - Losing $900 Billion 0:35 - The Fated Speech 3:15 - The Jewel Of China 7:18 - The Fall Resources: https://pastebin.com/DvrPHCX6