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Ma Says Alibaba Shareholders Should Feel Love, Not No. 3

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Five years before billionaire Jack Ma strode through a euphoric, 1,000-strong New York Stock Exchange crowd to preside over the world’s biggest initial public offering, China’s richest man stage-managed a show-stopping appearance in his hometown of Hangzhou.

The venue was an arena called the Yellow Dragon Stadium. The occasion: the 10th birthday of Ma’s e-commerce behemoth, Alibaba Group Holding Ltd.