Next China: Jack’s Comeback?

Employees walk through the campus of the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, in January 2021.

Photographer: Qilai Shen/Bloomberg

Things are looking up for China’s most popular billionaire Jack Ma.

After a years-long campaign targeting excessive growth of internet platform companies — including Ma’s Alibaba — President Xi Jinping now appears to be loosening the reins.

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Next China: Jack’s Comeback?